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I need help with the balance sheet and Income Statement. Using the following information, prepare a Balance Sheet and an Income Statement. Accounts Debit Credit

I need help with the balance sheet and Income Statement.

Using the following information, prepare a Balance Sheet and an Income Statement.

Accounts Debit Credit

Cash $15,000

Accounts Receivable 30,000

Prepaid Insurance 7,500

Office Supplies 3,200

Building 160,000

Accumulated DepreciationBuilding $12,000

Equipment 75,000

Accumulated DepreciationEquipment 8,500

Land 40,000

Accounts Payable 12,000

Salaries Payable 2,000

Unearned service revenue 25,000

Mortgage Payable 100,000

XXX Capital 21,290

XXX Withdrawals 23,000

Service Revenue 289,000

Salaries Expense 61,000

Depreciation ExpenseBuilding and Equipment 6,150

Office Supplies Expense 14,040

Insurance Expense 14,000

Utilities Expense 20,900 ________

Total $469,790 $469,790

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