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.

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.

My Work: Online Deliverables: Submissions
Looking for tutoring? Go to Smart Thinking
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

Submit your assignment. For assistance with your assignment, please use your text, Web resources, and all course materials.