Prepare an income statement

Reference no: EM131812504

Prepare an income statement, an owner's equity statement, and a balance sheet for the accupuncture practice of Bi Loi, from the items listed below for the month of September. Use the format on the answer sheet to insert your answers!!

Bi Loi, Capital, September 1 $42,000

Accounts payable 7,000

Equipment 30,000

Service revenue 25,000

Bi Loi, Drawings 6,000

Dental supplies expense 3,500

Cash 6,000

Utilities expense 700

Dental supplies 2,800

Salaries expense 9,000

Accounts receivable 14,000

Rent expense 2,000

Reference no: EM131812504

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