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.