Question
P 2-6A Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment
P 2-6A Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash. After those seven transactions, the ledger included the following accounts with normal balances Cash $37,641 Office Supplies $890 Prepaid Insurance $4,600 Office Equipment $12,900 AP $12,900 Y.Min. Capital $18,000 Y.Min. Withdrawals $3,329 Engineering Fees earned $36,000 Rent Expense $7,540 What is the Income Statement, statement of owner's equity, and Balance sheet for this?
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