From the Following List of Accounts,prepare an Income Statement,statement of Owner's

question 44

Essay

From the following list of accounts,prepare an income statement,statement of owner's equity,and balance sheet for the year ended or at December 31,20--,for Milner's Star Express Cleaning Service.
$\begin{array}{lr}\text { Cash } & \$ 2,026 \\\text { Fees Earned } & 13,835 \\\text { Accounts Payable } & 7,530 \\\text { D. Milner, Capital January 1, 20-- } & 6,000 \\\text { D. Milner, Drawing } & 1,750 \\\text { Utilities Expense } & 153 \\\text { Prepaid Insurance } & 1,216 \\\text { Rent Expense } & 1,200 \\\text { Accounts Receivable } & 4,080 \\\text { Equipment } & 15,290 \\\text { Wages Expense } & 1,650\end{array}$