The income statement and statement of owner's equity for Jay Pembroke for the month ended April 30, 20-- are shown. Jay Pembroke Income Statement For Month Ended April 30, 20-- Revenues: Service fees Expenses: Rent expense Net income Jay Pembroke, capital, April 1, 20-- Investment during April Jay Pembroke Statement of Owner's Equity For Month Ended April 30, 20-- Total investment Net income for April Less withdrawals for April Increase in capital Jay Pembroke, capital, April 30, 20-- Cash Assets $3,600 ✓ 900 $2,700 Check My Work $2,700 Required: Use the information to prepare a balance sheet for Jay Pembroke as of April 30, 20--. Jay Pembroke Balance Sheet April 30, 20-- 150 $- 20,000 $20,000 2,550 $22,550 Liabilities. Accounts Payable ✓ Fmail Inst

The income statement and statement of owner's equity for Jay Pembroke for the month ended April 30, 20-- are shown. Jay Pembroke Income Statement For Month Ended April 30, 20-- Revenues: Service fees Expenses: Rent expense Net income Jay Pembroke, capital, April 1, 20-- Investment during April Jay Pembroke Statement of Owner's Equity For Month Ended April 30, 20-- Total investment Net income for April Less withdrawals for April Increase in capital Jay Pembroke, capital, April 30, 20-- Cash Assets $3,600 ✓ 900 $2,700 Check My Work $2,700 Required: Use the information to prepare a balance sheet for Jay Pembroke as of April 30, 20--. Jay Pembroke Balance Sheet April 30, 20-- 150 $- 20,000 $20,000 2,550 $22,550 Liabilities. Accounts Payable ✓ Fmail Inst

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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Help me prepare single step income statement, statements of owners equity and balance sheet. Thank you
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