Oh, I need help with the income statement and owner's equity statement. I have a detached my answers for it along with the income statement and owner's equity statement. That attachment is what I need filled out the other attachment is the answers to help you understand how to help me fill it out. Office EquipmentNo Debit No CreditOffice FurnitureNo DebitCashAccounts ReceivubleSalary expenseNoDebit No CreditNo Debit1,484 nNo DebitNo CreditNo CreditNo Credit50,0002005951,250RROli2,575 e250375225Bal599Bal1,250Bal880750Ral070L Lewis, CupitalNo CreditProfessional fees - RevenueNo reditfi300No DebitNo DebitLLewis, DruwingNo Debit No Creditk1,20088050,0001,434R002,575mmBal48,855Bal50,000BalBal4,059Accounts PayableNo DebitRent expenseNo CreditNo Debit No CreditkUtilities expenseMisc Expenses200 b1,2501,200No Debit No CreditNo DebitNo Credit395225250375Ral1,200h750Bul225Bal1,720Bal1,000 BD.EH.KL1.revenue and expenses ((part of Owner's Equity)Income Statementlude investents or withdrawals by owner3 period = 1 month in this instance45 Revenue:7 Expenses:8.1011Total Expenses13 Net Income (Loss)12141516 comes from Income Statementare Income Statement first)17Statement of Owner's Equity18 period = 1 month in this instance1920 L.Lewis, beginning capital, January 1, 2021212223 Subtotal242526 L.Lewis, ending capital, January 31, 2021272829 ccounting equation (A-1+OE)

Net Income = Revneue - Expense Ending Capital Balance = Begining Capital Balance + Net Income -…

Accounts Neceivable No Credit office Equipment No Debit No Credit 595 Office Furniture Cash Salary expense No Debit INo Credit No Debit No Credit No Debit No Debit No Credit 50,000 e 200 1,484 n aas 1,250 BRO 2,575e 250 375 225 Bul Bul 1,250 Bul 880 750 Ral 070 Professional fees - Revenue No credit li Llewis, Cupitul No Debit No Credit 300 LLewis, Druwing No Debit No Credit k 1,200 No Debit 880 50,000 If 1,434 m R00 m 2,575 Bal 48,855 Bul 50,000 Bal S00 Bal 4,059 Accounts Payahle No Credit Rent exponse No Credit No Debit k No Debit UtNties expense Misc Expenses 200 b 1.250 1,200 No Debit No Credit No Debit No Credit 395 225 250 375 Aal 1,200 750 Bul 225 Bal 1,720 Ral 1,000

Accounts Neceivable No Credit office Equipment No Debit No Credit 595 Office Furniture Cash Salary expense No Debit INo Credit No Debit No Credit No Debit No Debit No Credit 50,000 e 200 1,484 n aas 1,250 BRO 2,575e 250 375 225 Bul Bul 1,250 Bul 880 750 Ral 070 Professional fees - Revenue No credit li Llewis, Cupitul No Debit No Credit 300 LLewis, Druwing No Debit No Credit k 1,200 No Debit 880 50,000 If 1,434 m R00 m 2,575 Bal 48,855 Bul 50,000 Bal S00 Bal 4,059 Accounts Payahle No Credit Rent exponse No Credit No Debit k No Debit UtNties expense Misc Expenses 200 b 1.250 1,200 No Debit No Credit No Debit No Credit 395 225 250 375 Aal 1,200 750 Bul 225 Bal 1,720 Ral 1,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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