From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet for the month of May of the current year. Cash $12,000 Accounts Receivable 16,000
| Cash | $12,000 |
|
| Accounts Receivable | 16,000 |
|
| Supplies | 350 |
|
| Equipment | 16,500 |
|
| Notes Payable |
| $13,000 |
| Accounts Payable |
| 12,000 |
| S. Jones, Capital |
| 18,000 |
| S. Jones, Drawing | 550 |
|
| Service Revenue |
| 6,000 |
| Telephone Expense | 350 |
|
| Rent Expense | 1,100 |
|
| Advertising Expense | 2,150 |
|
|
| $49,000 | $49,000 |
From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet for the month of May of the current year.
