Unit 2(ACC310) - Part 2 - Due 11.06.2022

 From the following information, please prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet for the month of May of the current year.

Cash

$12,000

Accounts Receivable

16,000

Supplies

350

Equipment

16,500

Notes Payable

$13,000

Accounts Payable

12,000

S. Jones, Capital

18,000

S. Jones, Drawing

550

Service Revenue

6,000

Telephone Expense

350

Rent Expense

1,100

Advertising Expense

2,150

$49,000

$49,000