Using the information provided in Exercise 2.8, prepare a statement of owners equity for the month of

Using the information provided in Exercise 2.8, prepare a statement of owner’s equity for the month of September and a balance sheet for Perez Investment Services as of September 30, 2016.

In Exercise 2.8, At the beginning of September, Alexandria Perez started Perez Investment Services, a firm that offers advice about investing and managing money. On September 30, the accounting records of the business showed the following information. Prepare an income statement for the month of September2016.

Transcribed Image Text:

Cash Accounts Receivable Office Supplies Office Equipment Accounts Payable Alexandria Perez, Capital, S33,100 Fees Income Advertising Expense 3,400 Salaries Expense 37,500 Telephone Expense 5,700 Withdrawals S77,900 6,500 16,000 800 9,000 September 1, 2016 26,700