Reference no: EM13505003

How much is your service? I need help with an accounting problem: Prepare an income statement, using the single-step form, and a statement of owner's equity using the data (below) from the ledger of Morrison Co. after adjustment at September 30, 2011 the end of the fiscal year, listed as follows: Accounts Receivable $ 39,120 Accumulated Depreciation 60,540 Administrative Expenses 90,000 Bob Morrison, Capital 85,000 Cost of Merchandise Sold 550,000 Bob Morrison, Drawing 65,000 Interest Revenue 10,000 Office Equipment 82,700 Prepaid Insurance 4,680 Note Payable 77,750 Salaries Payable 3,060 Sales (net) 950,000 Selling Expenses 102,000 Supplies 3,125.