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