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Prepare an Income Statement an Owner's Equity Statement and a Balance

Question 8

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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\begin{array}{lr}\text { Owner's Capital, September } 1 & \$ 47,000 \\\text { Accounts payable } & 7,000 \\\text { Equipment } & 35,000 \\\text { Service revenue } & 28,000 \\\text { Owner's Drawings } & 6,000 \\\text { Insurance expense } & 4,500 \\\text { Cash } & 3,000 \\\text { Utilities expense } & 700 \\\text { Supplies } & 4,800 \\\text { Salaries and wages expense } & 9,000 \\\text { Accounts receivable } & 14,000 \\\text { Rent expense } & 5,000\end{array} GOLDA 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. \begin{array}{lr} \text { Owner's Capital, September } 1 & \$ 47,000 \\ \text { Accounts payable } & 7,000 \\ \text { Equipment } & 35,000 \\ \text { Service revenue } & 28,000 \\ \text { Owner's Drawings } & 6,000 \\ \text { Insurance expense } & 4,500 \\ \text { Cash } & 3,000 \\ \text { Utilities expense } & 700 \\ \text { Supplies } & 4,800 \\ \text { Salaries and wages expense } & 9,000 \\ \text { Accounts receivable } & 14,000 \\ \text { Rent expense } & 5,000 \end{array} GOLDA 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. \begin{array}{lr} \text { Owner's Capital, September } 1 & \$ 47,000 \\ \text { Accounts payable } & 7,000 \\ \text { Equipment } & 35,000 \\ \text { Service revenue } & 28,000 \\ \text { Owner's Drawings } & 6,000 \\ \text { Insurance expense } & 4,500 \\ \text { Cash } & 3,000 \\ \text { Utilities expense } & 700 \\ \text { Supplies } & 4,800 \\ \text { Salaries and wages expense } & 9,000 \\ \text { Accounts receivable } & 14,000 \\ \text { Rent expense } & 5,000 \end{array} GOLDA

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