Hello, with the income statement and owner’s equity statement. I have a detached my answers for it along with the statement of owner’s equity in balance statement. s!!! Transcribed Image

Hello, with the income statement and owner’s equity statement. I have a detached my answers for it along with the statement of owner’s equity in balance statement. s!!! Transcribed Image Text: Office Equipment
No Debit No Credit
Office Furniture
No Debit
Cash
Accounts Receivuble
Salary expense
No
Debit No Credit
No Debit
1,484 n
No Debit
No Credit
No Credit
No Credit
50,000
200
595
1,250
RRO
li
2,575 e
250
375
225
Bal
599
Bal
1,250
Bal
880
750
Ral
070
L Lewis, Cupital
No Credit
Professional fees – Revenue
No redit
f
i
300
No Debit
No Debit
LLewis, Druwing
No Debit No Credit
k
1,200
880
50,000
1,434
R00
2,575
m
m
Bal
48,855
Bal
50,000
Bal
Bal
4,059
Accounts Payable
No Debit
Rent expense
No Credit
No Debit No Credit
k
Utilities expense
Misc Expenses
200 b
1,250
1,200
No Debit No Credit
No Debit
No Credit
395
225
250
375
Ral
1,200
h
750
Bul
225
Bal
1,720
Bal
1,000 Transcribed Image Text: 16 Comes from Income 5tatement
are Income Statement first)
17
Statement of Owner’s Equity
18 period = 1 month in this instance
19
20 L.Lewis, beginning capital, January 1, 2021
21
22
23 Subtotal
25
26 L.Lewis, ending capital, January 31, 2021
27
28
29 ccounting equation (A-L+OE)
point in time
30
Balance Sheet
pital comes from the Statement of Owner’s Equity
31
32
Assets
33
34
35
36
37 Total Assets
38
39
Liabilities
40
41
42
Owner’s Equity
43
44 Total Liabilities and Owner’s Equity
45
Financial Statements
Ready
24

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