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Problem #3 Below are accounts listed for September 2004 for PC Partners, a sole proprietorship that installs/repairs home computers for customers. The business is owned
Problem #3 Below are accounts listed for September 2004 for PC Partners, a sole proprietorship that installs/repairs home computers for customers. The business is owned by Ed Connor. The accounts are listed in alphabetical order. For the month of September 2004, prepare an income statement, statement of changes in owner's equity, and a balance sheet. Prepare them in proper form. ACCOUNT Accounts Payable Accounts Receivable Advertising expense Capital (Ed Connor) at 08/31/04 Cash Entertainment Expense Equipment Installation Revenue Miscellaneous Revenue Photocopying Expense Rent Expense Repair Revenue Supplies Truck Unearned Revenue Withdrawals (Connor) TOTAL BALANCE 4,200 8,480 420 56,000 35,460 600 15,700 15,600 800 150 1,300 8,650 8,400 8,500 760 7,000 172,020
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