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. Use the information given below to create the Income Statement, Statement of Changes in Owners Equity and Statement of Financial Position for Mikes Maintenance

. Use the information given below to create the Income Statement, Statement of Changes in Owners Equity and Statement of Financial Position for Mikes Maintenance Company for the year ended Dec. 31 (7 marks).

The balances for the accounts of Mike's Maintenance Co. for the year ended December 31 are as follows.

Account

$

Account

$

A/P

7,000

Wages expense

35,500

A/R

6,500

Rent expense

6,000

Cash

10,500

Supplies

1,200

Land

50,000

Building

125,000

Unearned revenue

4,000

Supplies expense

21,500

Mikes Capital

118,700

Mikes Dividend

48,000

Revenue

174,500

Income Statement

Statement of Owners Equity

Statement of Financial Position

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