Jane West, owner of West’s Stencilling Service in Grande Prairie,

Jane West, owner of West’s Stencilling Service in Grande Prairie, has requested that you prepare from the following balances 

(a) An income statement for June 2020,

(b) A statement of owner’s equity for June,

(c) A balance sheet as of June 30, 2020.
Stencilling Fees Cash Accounts Receivable Equipment Accounts Payable J. West, Capital, June 1, 2020 J. West, Withdrawals

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...