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Use the following annual information for ABC Company to generate an Income Statement, Owner's Equity Statement, and Balance Sheet. Insurance Expense $2,000 Salaries Expense $42,000


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Use the following annual information for ABC Company to generate an Income Statement, Owner's Equity Statement, and Balance Sheet. Insurance Expense $2,000 Salaries Expense $42,000 Service Revenue 74,000 Accounts Payable 10,400 Utilities Expense 900 Office Supplies 2,000 Rent Expense 11,000 Withdrawals 4,400 Owner's Capital, Beg Bal 9,900 Accounts Receivable 3,500 Cash 5,400 Equipment 23,100

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