Prepare an income statement, an owner's equity statement, and a balance sheet

Prepare an income statement, an owner's equity statement, and a balance sheet for the Friends
Company, from the items listed below for the month of September.2021

Owner’s Capital, September 1 $47,000

Accounts payable 7,000
Equipment 35,000
Service revenue 28,000
Owner’s Drawings 6,000
Supplies expense 4,500
Cash 6,000
Utilities expense 700
Supplies 4,800
Salaries expense 9,000
Accounts receivable 14,000
Rent expense 2,000

Self-quiz 2 Financial Accounting MBA 913 Page 1

Self-quiz 2 Financial Accounting MBA 913 Page 2