Prepare an income statement, an owner's equity statement, and a balance sheet for the accupuncture practice of Bi Loi, from the items listed for the month of September.Bi Loi, Capital, September 1,$42,000;Accounts payable, $7,000;Equipment, $30,000;Service revenue, $25,000;Bi Loi, Drawings, $6,000;Dental supplies expense, $3,500;Cash, $6,000;Utilities expense, $700;Dental supplies, $2,800;Salaries expense, $9,000Accounts receivable, $14,000; and Rent expense, $2,000.

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Income statement Service Revenue 25000 Expenses Denta... View the full answer