let us draw up a balance sheet an income statement and a cash flow statement using the balances below

statement. Using the account balances, let's draw up a balance sheet, an income statement and a cash flow Assets Liabilities Owner's Cash Accounts Equity Supplies Equipment Accounts Owner's Receivable Owner's Revenue Expenses Payable Capital +15,000 Drawing +15,000 7,000 +7,000 +1,600 +1,600 +1,200 +1,200 +250 -250 +1,500 +2,000 +3,500 -600 -600 -900 -900 -200 -200 250 -250 +600 -600 1,300 -1,300 8,050 1,400 1,600 |7,000 1,600 15,000 1,300 4,700 1,950