ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) Using the following worksheet for Alphabet Services, prepare an Income Statement, Statement of Owners' Equity and Balance Sheet. Cash Accounts Receiv. Supplies Equipment Accum. Amort. Accounts Payable Salary Payable Unearned Revenue Owner Capital Owner Withdraw. Service Revenue Salary Expense Supplies Expense Amort. Expense Total Net income/(loss) Total Unadjusted Adjusted Income Trial Balance Adjustments Trial Balance Statement Debit Credit Debit Credit Debit Credit Debit Credit 1,700 10,500 20 7,500 1,700 8,500 100 7,500 2,300 2,000 1,200 800 600 3,400 Alphabet Services Worksheet December 31, 2022 40,000 2,000 80 240 180 2,000 2,300 2,240 1,200 980 600 3,400 42,000 42,000 Balance Sheet Debit Credit 1,700 10,500 20 7,500 2,300 2,240 1,200 980 600 3,400 24,000 180 24,180 24,180 2,300 80 2,380 2,380 1,600 240 1,840 1,840 48,000 48,000 2,500 2,500 50,420 50,420 28,400 42,000 22,020 8,420 13,600 13,600 42,000 42,000 22,020 22,020

ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) Using the following worksheet for Alphabet Services, prepare an Income Statement, Statement of Owners' Equity and Balanco Sheet. Alphabet Services Worksheet December 31,2022