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

question 30

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 J.Carr's Delivery Service.
 Cash $11,450 Accounts Payable 4,450 Fees Earned 41,500 J. Carr, Capital January 1, 20– 14,500 J. Carr, Drawing 7,000 Office Supplies 250 Rent Expense 10,000 Accounts Receivable 7,000 Equipment 6,000 Wages Expense 14,000 Repairs Expense 250 Furniture 4,500\begin{array} { l r } \text { Cash } & \$ 11,450 \\\text { Accounts Payable } & 4,450 \\\text { Fees Earned } & 41,500 \\\text { J. Carr, Capital January 1, 20-- } & 14,500 \\\text { J. Carr, Drawing } & 7,000 \\\text { Office Supplies } & 250 \\\text { Rent Expense } & 10,000 \\\text { Accounts Receivable } & 7,000 \\\text { Equipment } & 6,000 \\\text { Wages Expense } & 14,000 \\\text { Repairs Expense } & 250 \\\text { Furniture } & 4,500\end{array}


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