From the following account balances for June 2016, prepare in

From the following account balances for June 2016, prepare in proper form
(a) An income statement,
(b) A statement of owner's equity, and
(c) A balance sheet for French Realty.
$4,650 S. French, Withdrawals 640 2,600 Professional Fees 8,500 Salaries Expense 4,000 Utilities Expense 9,000 Rent Expe
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...