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The accounting record of ABC Consulting at December 31, 2019 shows the following accounting balances at year end: Accounts Dr. $$ Cr. $$ Cash 19,000
The accounting record of ABC Consulting at December 31, 2019 shows the following accounting balances at year end: Accounts Dr. $$ Cr. $$ Cash 19,000 Service revenue 113,000 Accounts receivable 25,000 Supplies 4,000 Depreciation expense 27,000 Insurance expense 6,000 Building 120,000 Equipment 100,000 Salary expense 30,000 Supplies expense 9,000 Utilities expense 12,000 Accounts payable 19,000 Utilities payable 12,000 Bank Loan (5 years) 40,000 Unearned Service Revenue 13,000 Owner's capital 170,000 Owner's drawings 15,000 Total 367,000 367,000 170,000 Required: Owner's capital Owner's drawings 15.000 157.000 Total Prepare an Income Statement Share your screenshots in a snap Client Re Expenses: A Whenever you take a screenshot, we'll save it to your Dropbox and copy a link to your clipboard so you can quickly share it. Salar Utilit Rer Net Inc No, Thanks Save Screenshots to Dropbox Statement of Owner's equity [5 marks] Capital Withdrawals Net income Owner's Equity
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