Question: ( LO 5 ) Winston Cramer started a business in May 2 0 - - called Cramer's Home Repair. The trial balance showing balances for
LO Winston Cramer started a business in May called Cramer's Home Repair. The trial balance showing balances for the month of May are shown.
tabletableCramers Home RepairTrial BalanceMay accountraarial,,CashAccounts Receivable,,SuppliesPrepaid Insurance,,EquipmentVanAccounts Payable,,,,,,,Winston Cramer, Capital,,,,,,,Winston Cramer, Drawing,,Service Revenue,,,,,,,Rent Expense,,,Salaries and Wages Expense,,,Phone Expense,,,Gas and Oil Expense,,,Totals
Required
Prepare the income statement for the month ended May
Prepare the statement of owner's equity for the month ended May
Prepare the balance sheet as of Mav
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