Question: II) Based on the data below, complete an Income Statement, Statement of Owner's Equity, and Balance Sheet: Cash = $13,500 Accounts Receivable = $12,000 Supplies

II) Based on the data below, complete an Income Statement, Statement of Owner's Equity, and Balance Sheet: Cash = $13,500 Accounts Receivable = $12,000 Supplies = $1500 Equipment = $10,500 Drawing = $1500 Rent Expense = $3000 Wage Expense = $1500 Advertising Expense = $1350 Telephone Expense = $150 Service Fees = $24000 Accounts Payable = $3000 Capital = $18,000

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