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Hello! I want to understand how to make an income statement, statement of owner's equity, and a balance sheet for the year ended December 31,
Hello! I want to understand how to make an income statement, statement of owner's equity, and a balance sheet for the year ended December 31, 2017 with the following:
- Cash $4,990
- Accounts receivable $1,200
- Supplies $600
- Equipment $5,800
- Accounts payable $830
- Salaries payable $480
- F. Lalonde, capital January 1, 2017 $6,800
- F. Lalonde, drawings $4,000
- Service revenue $17,860
- Rent expense $4,800
- Salaries expense $3,400
- Supplies expense $810
- Utilities expense $370
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