Use the Following Information to Prepare 1)an Income Statement,2)a Statement

Essay

Use the following information to prepare 1)an income statement,2)a statement of owner's equity,and 3)a balance sheet for the month ended March 31,200x for Bolthouse Company.
$$\begin{array} { l r } \text { J. Bolthouse, Capital (beg.) } & \$ 2,000 \\\text { Revenue } & 1000 \\\text { Expenses } & 300 \\\text { Withdrawals } & 150 \\\text { Cash } & 3,000 \\\text { Equipment } & 1,000 \\\text { Accounts Receivable } & 150 \\\text { Accounts Payable } & 2,000\end{array}$$