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I need to full the Income statement a, balance sheet and owner's equity Invested 15000 in cash Purchase equipment on account 4000 Paid 1000 as
I need to full the Income statement a, balance sheet and owner's equity
Invested 15000 in cash Purchase equipment on account 4000 Paid 1000 as office rent Borrowed 1200 from a bank on a note payable Perform service for a cash of 2000 and on account 1600 Monthly expenses 500, 600, 300 for Telphone, Power, and Utilities Capital Add: Investment Net income 11 Less: Drawings Total Equity Assests Cash Accounts Receivable Supplies Equipment Total Assests Liabilities and Owner's Equity Liabilities Accounts Payable Owner's Equity Capital Total Liabilities and Owner's Equity Revenues Service revenues Goods revenues Total revenues Expenses Salaries expenses Rent expenses Advertising expenses Utilities expenses Total expenses Net Income |Step by Step Solution
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