Based on the following data, I need an Income Statement and the Balance Sheet: Batter Up Company

Journal Entries

Date Accounts Debit Credit

$1-$Aug Cash $(101)$ $$10,000\mathrm{.}00$

Notes Payable $(204)$ $$10,000\mathrm{.}00$

Owner Loan to Company @ $4\%$ annualy

$15-$Aug Prepaid Rent and Deposit $(103)$ $$3,350\mathrm{.}00$

Cash $(101)$ $$3,350\mathrm{.}00$

$31-$Aug Prepaid Insurance $(104)$ $$2,400\mathrm{.}00$

Cash $$2,400\mathrm{.}00$

$1-$Sep Rent Expense $(501)$ $$1,350\mathrm{.}00$

Cash $(101)$ $$1,350\mathrm{.}00$

$30-$Sep Cash on sale $(101)$ $$3,520\mathrm{.}00$

Accounts Receivables $(102)$ $$480\mathrm{.}00[$Insert value$]$

Total Revenue $(401)$ $$4,000\mathrm{.}00$

$30-$Sep Wages Payable $(201)$ $$180\mathrm{.}00$

$[$Insert text$][$Insert value$]$

$12$hrs @ $$15$ p$/$h$,$ will pay Oct $5$

$1-$Oct Cash $(101)$ $$1,350\mathrm{.}00$

Rent Expense $(501)$ $$1,350\mathrm{.}00$

$5-$Oct Cash $(101)$ $$180\mathrm{.}00$

$[$Insert text$][$Insert value$]$

Wages Payable $9/30$ period

$15-$Oct Cash $(101)$ $$500\mathrm{.}00$

Accounts Receivables $(102)$ $$500\mathrm{.}00$

Cash Collected Account Customer

$20-$Oct Cash $(101)$ $$300\mathrm{.}00$

Wages Payable $$300\mathrm{.}00$

$20$ hrs @ $$15$ p$/$h

$31-$Oct Employee Payroll $$225\mathrm{.}00$

Accrued Wages $(15$hrs @ $$15$ p$/$h$)$ $$225\mathrm{.}00$

Journal Entry only

$31-$Oct Sales Revenues $(401)$ $$6,550\mathrm{.}00$

Cash $(101)$ $$4,519\mathrm{.}50$

Accounts Receivables $(102)$ $$2,030\mathrm{.}50$

$1-$Nov Cash $(101)$ $$1,350\mathrm{.}00$

Rent Expense $(501)$ $$1,350\mathrm{.}00$

$5-$Nov Cash $(101)$ $$225\mathrm{.}00$

Wages Payable $(202)$ $$225\mathrm{.}00$

Period Ending $10/31$

$17-$Nov Cash $(101)$ $$950\mathrm{.}00$

Accounts Receivables $$950\mathrm{.}00$

$20-$Nov Cash $(101)$ $$255\mathrm{.}00$

Wages Payable $(202)$ $$255\mathrm{.}00$

$17$hrs @ $$15$ p$/$h

$30-$Nov Employee Paroll $(502)$ $$330\mathrm{.}00$

Accrued Wages $$330\mathrm{.}00$

Period ending $11/30,17$hrs @ $$15.$ p$/$h

$30-$Nov Cash $(101)$ $$4,572\mathrm{.}00$

Accounts Receivables $(102)$ $$1,778\mathrm{.}00$

Sales Revenue $(401)$ $$6,350\mathrm{.}00$

$1-$Dec Cash $(101)$ $$1,350\mathrm{.}00$

Rent Expense $(501)$ $$1,350\mathrm{.}00$

$5-$Dec Cash $(101)$ $$330\mathrm{.}00$

Wages Payable $(202)$ $$330\mathrm{.}00$

$18-$Dec Cash $(101)$ $$1,000\mathrm{.}00$

Accounts Receivable $(102)$ $$1,000\mathrm{.}00$

$20-$Dec Cash $(101)$ $$240\mathrm{.}00$

Wages Payable $(202)$ $$240\mathrm{.}00$

Wages $16$hrs@$$15$p$/$h ending period $12/31$

$31-$Dec Employee Payroll $(502)$ $$270\mathrm{.}00$

Accrued Wages $(202)$ $$270\mathrm{.}00$

$31-$Dec Cash $(101)$ $$4,368\mathrm{.}00$

Accounts Receivables $(102)$ $$1,232\mathrm{.}00$

Sales Revenue $(401)$ $$5,600\mathrm{.}00$

$31-$Dec Insuarnce Expense $(503)$ $$800\mathrm{.}00$

Prepaid Insurance Account $(104)$ $$800\mathrm{.}00$

Insurance Expense covers $9/1-12/31$

$31-$Dec Interest Expense $(505)$ $$166\mathrm{.}67$

Interest Payable $(204)$ $$166\mathrm{.}67$

$$49,421\mathrm{.}67$ $$49,421\mathrm{.}67$