Ex. Prepare an income statement, an owner's equity statement, and a balance sheet for the accupuncture practice of Golda Bear, from the items listed below for the month of September, 2016.
Owner’s Capital, September 1 $47,000
Accounts payable 7,000
Equipment 35,000
Service revenue 28,000
Owner’s Drawings 6,000
Insurance expense 4,500
Cash 3,000
Utilities expense 700
Supplies 4,800
Salaries and wages expense 9,000
Accounts receivable 14,000
Rent expense 5,000
Ex. Prepare an income statement, an owner's equity statement, and a balance sheet for the accupuncture practice of Golda Bear, from the items listed below for the month of September, 2016.
Owner’s Capital, September 1 $47,000
Accounts payable 7,000
Equipment 35,000
Service revenue 28,000
Owner’s Drawings 6,000
Insurance expense 4,500
Cash 3,000
Utilities expense 700
Supplies 4,800
Salaries and wages expense 9,000
Accounts receivable 14,000
Rent expense 5,000