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Please classify each transaction belongs to each financial statement (income statement, balance sheet, and owners equity). After the classification, please use the information from the
Please classify each transaction belongs to each financial statement (income statement, balance sheet, and owners equity). After the classification, please use the information from the table to create a set of financial statement (income statement, balance sheet and owners equity).
AMOUNT STATEMENT Income statement, Balance sheet, or Owner equity. ITEMS $60,000 5,000 600 1,000 3,000 1,500 800 Revenue Accounts receivable Supplies expenses Supplies Notes receivable Rental expenses Utilities expenses Equipment Prepaid expenses 2,500 800 1,000 3,000 2,500 10,000 12,000 8,000 4,500 Accounts payable Salaries expenses Notes payable Owners' additional investment Beginner owner's equity Owner's withdraw InventoryStep by Step Solution
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