2) Using the following worksheet for Alphabet Services, prepare an Income Statement, Statement of Owners Equity and Balance Sheet.

Alphabet Services

Worksheet

December 31, 2022

Unadjusted Adjusted Income Balance

Trial Balance Adjustments Trial Balance Statement Sheet

	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	1,700				1,700				1,700
Accounts Receiv.	8,500		2,000		10,500				10,500
Supplies	100			80	20				20
Equipment	7,500				7,500				7,500
Accum. Amort.		2,000		240		2,240				2,240
Accounts Payable		1,200				1,200				1,200
Salary Payable		800		180		980				980
Unearned Revenue		600				600				600
Owner Capital		3,400				3,400				3,400
Owner Withdraw.	2,300				2,300				2,300
Service Revenue		40,000		2,000		42,000		42,000
Salary Expense	24,000		180		24,180		24,180
Supplies Expense	2,300		80		2,380		2,380
Amort. Expense	1,600		240		1,840		1,840
Total	48,000	48,000	2,500	2,500	50,420	50,420	28,400	42,000	22,020	8,420
Net income/(loss)							13,600			13,600
Total							42,000	42,000	22,020	22,020