Hello, I need help 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. Thanks!!! 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 16 Comes from Income 5tatementare Income Statement first)17Statement of Owner's Equity18 period = 1 month in this instance1920 L.Lewis, beginning capital, January 1, 2021212223 Subtotal2526 L.Lewis, ending capital, January 31, 2021272829 ccounting equation (A-L+OE)point in time30Balance Sheetpital comes from the Statement of Owner's Equity3132Assets3334353637 Total Assets3839Liabilities404142Owner's Equity4344 Total Liabilities and Owner's Equity45Financial StatementsReady24

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Description: Hello, I need help 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. Thanks!!! Office EquipmentNo Debit No CreditOffice FurnitureNo DebitCashAc

Income statement is a part of financial statement which is prepared by the company to know about the…

Answered: Hello, I need help with the income…

Business

Accounting

Hello, I need help 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. Thanks!!!

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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Prepare the statement of owner's equity.
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