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Use the simplified ledger to prepare the financial Ledger of accounts is as follows: Cash $8,100 Prepaid Insurance $1,000 Expenses $4,300 Supplies $900 Accounts Payable-
Use the simplified ledger to prepare the financial
Ledger of accounts is as follows: Cash $8,100 Prepaid Insurance $1,000 Expenses $4,300 Supplies $900 Accounts Payable- Boom Inc. $700 Accumulative Amortization-vehicle $100 Unearned Revenue $300 Vehicle $8,000 Equipment $4,000 Account Receivable- Mr. Green $900 Owners Capital-Theo $20,000 Service Revenue $5,000 IBM-Theo $3,000 WBO-Theo $2,000 Notes Payable $100 Create an Income Statement, Statement of owners equity and Balance Sheet
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