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Determine accounts and produce an income statement

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Question 1: Determine From the following list of accounts, produce an income statement, statement of owner's equity, and balance sheet for the year ended or at December 31, 20--, for Milner's Star Express Cleaning Service.

Cash                                               $ 2,026

Fees Earned                                      $13,835

Accounts Payable                                $7,530

D. Milner, Capital January 1, 20--           $6,000

D. Milner, Drawing                               $1,750

Utilities Expense                                 $153

Prepaid Insurance                              $1,216

Rent Expense                                    $1,200

Accounts Receivable                          $4,080

Equipment                                       $15,290

Wages Expense                                $1,650

Reference no: EM132470818

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