Using the following partial Excel work sheet for Pendulum Service Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance Sheet Assume the owner did not make any investments in the business: during the year.

Pendulum Service Co.

Work Sheet For Year Ended December 31, 2020)

Income Statement

Account

Dr

Statement of Changes in Equity and Balance Sheet

Dr.

Cr.

5,000

1,200

Cash

Accounts receivable

Supplies Dr 500

Prepaid rent

Supplies

500

7,000

Prepaid rent

40,000

Equipment

2,800

Accumulated depreciation Equipment

5,000

Notes payable

Accounts payable

5,300

28.450

R. Christie capital

500

IR. Christie, withdrawals

19,000

Service revenue

700

Depreciation expense, Building

500

Wages expense

2.000

Rent expense

Depreciation expense, Building

700

Wages expense

600

Rent expense

2,000

Supplies expense

1,200

Utilities experise

500

Repairs expense

600

Telephone expense

750

Totals

6.350

19.000

54,200

41,550

Profit

12.650

12.650

Totals

19.000

19,000

54.200

54.200 Pendulum Service Co.

Income Statement For Year Ended December 31, 2020

Revenue:

Service revenue

Operating Expenses

Depreciation expense,

Wages expense

Rent expense

Supplies expense

Utilities expense

Repairs expense

Telephine expense Profit

Pendulum Service Co.

Statement of Changes in Equity For Year Ended December 31, 2020

R. Christie, capital, Jan 1

Add

Profit

Total

Less: Withdrawals by owner

R. Christie, capital, Dec 31

Pendulum Service Co. Balance Sheet December 31, 2020

Assets

Cash

Liabilities

5 Accounts Payable

Accounts receivable

Notes payable

Suppli

Total Liabilities

Prepaid rent

Equipment

Equity

Less

Accumulated depreciation, Equipment

R. Christie, capital

Total Assets Accumulated depreciation, Equipment

Total Assetstal Liabilities and Equity

Supplies Prepaid rent Using the following partial Excel work sheet for Pendulum Service Co., prepare the Income Statement, the Statement of Changes in Equity, and an unclassified Balance Sheet. Assume the owner did not make any investments in the business during the year. Pendulum Service Co. Income Statement For Year Ended December 31, 2020 Revenue: Service revenue Operating Expenses: Depreciation expense, Rent expense \begin{tabular}{|l|l|l|l|} \hline & Repairs expense & & \\ \hline & Telephone expense & & \\ \hline Profit & & & \\ \hline \end{tabular} \begin{tabular}{l} Pendulum Service Co. Statement of Changes in Equity For Year Ended December 31,2020 \\ \hline R. Christie, capital, Jan 1 \\ \hline Add: \\ \hline Profit \\ \hline Total \\ \hline Less: Withdrawals by owner \\ \hline R. Christie, capital, Dec 31 \\ \hline \end{tabular} Pendulum Service Co. Balance Sheet December 31, 2020 Assets Liabilities