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On January 1, 2023, You established a catering service. Listed below are balances as of January 31,2023 1. Cash $50,000 2. Accounts Receivable - $20,000

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On January 1, 2023, You established a catering service. Listed below are balances as of January 31,2023 1. Cash $50,000 2. Accounts Receivable - $20,000 3. Supplies $10,000 4. Prepaid Insurance $5,000 5. Equipment $3,000 6. Car $30,000 7. Car loan - $12,000 8. Accounts Payable - $1,000 9. Contributions $35,000 10. Withdrawals - $13,400 11. Sales Revenue - $100,000 12. Wages Expense $8,000 13. Rent Expense - $4,000 14. Utilities Expense - $1,500 15. Car Expense - $2,000 16. Supplies Expense $1,100 Answer the following: Total Assets: Total Liabilities: What is the total equity for the Car: What is Net Income: What is total equity for the catering service

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