Question: A work sheet for Juanita's Consulting is shown on the following page. There were no additional investments made by the owner during the month. REQUIRED

A work sheet for Juanita's Consulting is shown on the following page. There were no additional investments made by the owner during the month.

REQUIRED

1. Prepare an income statement.

2. Prepare a statement of owner's equity.

3. Prepare a balancesheet.

Juanita's Consulting Work Sheet For Month Ended June 30, 20- BALANCE SHEET ADJISTMENTS TRAL, BALANCE ADJUSTED TRIAL BALANCE INCOME STATEMENT ACCOUNT TITLE DEBT DENT CREDIT DEBIT CREDIT DEBIT CREDT CREDIT DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid insurance 5 Offce Equipment 6 Accum. Dept.Office Equipment 7 Accounts Payable 8 Wages Payable 9 Juanita Avarez, Capital 10 luanita Alvarez, Drawing 5285 00 1075 00 750 00 500 00 2200 00 S28500 1075 00 250 00 50o 00 4 00 00 22 00 00 5285 00 1075 00 500 00 lal 400 00 ibi 100 00 220 0 00 11000 15 0 0 00 110 00 6 Id) 110 00 1500 00 1500 00 7 200 00 7000 00 200 00 8 200 00 7000 00 7000 00 9 8 00 00 800 00 800 00 10 4204 00 4204 00 4204 00 11 Consuting Fees 11 1600 00 60 00 50 0 00 250 00 46 00 39 00 100 00 28 00 11000 12 Wages Expertsa 13 Advertising Expense 1400 00 60 00 500 00 0200 00 16 00 00 60 00 12 13 500 00 250 00 14 Rant Expetse 14 (a) 250 00 15 Supples Esperse 15 16 Telephone Exponse 17 Electricity Expense 18 Itsurance Expense 19 Gas and O Expense 20 Dept. Eapense 0ffce Equipment 21 Miscellateous Expeme 46 00 39 00 46 00 16 39 00 17 1olo 00 0100 00 18 z8 00 28 00 19 110 00 21 00 (0) 11000 20 21 00 12704 00 12Z04 00 2100 21 66 0 00 660 00 130 14 00 301400 275 4 00 4204 09 10 260 00 8810 00 22 1450 00 23 420400 420 4 09 10 26 0 00 10 26.0 00 24 22 1450 00 23 Not Income 24 25 25 26 28 28 29 29 30 30

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