The following information relates to Arthur Armanda Co. for the month of June.

Arthur, Capital, June 1 $47,000

Accounts payable 7,000

Equipment 35,000

Service revenue 28,000

Arthur, Drawings 6,000

Insurance expense 4,500

Cash 3,000

Utilities expense 700

Supplies 4,800

Salaries and wages expense 9,000

Accounts receivable 14,000

Rent expense 5,000

Instructions: Prepare an income statement and owners equity statement for the month of June and a balance sheet at June 30, 2020