Prepare a balance sheet for ryas planning services

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The T account balances for the accounts of Rya's Planning Services as of January 31, 2019 are listed below.

Cash                                      $21,400

Accounts Receivable                   17,400

Office Supplies                              500

Equipment                                 14,000

Accounts Payable                         9,000

Rya Page, Capital                       28,400

Rya Page, Drawing                      5,500

Planning Fees Income                   26,750

Office Supplies Expense                   250

Rent Expense                                850

Salaries Expense                          3,500

Utilities Expense                            750

Question 1: How do you prepare an income statement for the Rya's Planning Services for the month ended January 31, 2019.

Question 2: How do you prepare a statement of owner's equity for Rya's Planning Services for the month ended January 31, 2019.

Question 3: How do you prepare a balance sheet for Rya's Planning Services as of January 31, 2019.

Reference no: EM132473648

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