Question: PLEASE USE THESE SAME EXACT NUMBERS Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as

PLEASE USE THESE SAME EXACT NUMBERS

Sue Jantz started a business in August 20-- called Jantz Plumbing Service. Jantz hired a part-time college student as an administrative assistant.

Refer to the trial balance on August 31, 20-- for Jantz Plumbing Service:

Jantz Plumbing Service

UNADJUSTED TRIAL BALANCE

August 31, 20--

ACCOUNT TITLE DEBIT CREDIT

1

Cash

20,200.00

2

Accounts Receivable

2,700.00

3

Office Supplies

300.00

4

Prepaid Insurance

800.00

5

Plumbing Equipment

6,000.00

6

Van

8,000.00

7

Accounts Payable

4,500.00

8

Sue Jantz, Capital

30,000.00

9

Sue Jantz, Drawing

3,000.00

10

Service Fees

9,800.00

11

Rent Expense

700.00

12

Wages Expense

500.00

13

Phone Expense

100.00

14

Advertising Expense

2,000.00

15

Totals

44,300.00

44,300.00

Sue Jantz invested $30,000 of cash in the business and withdrew $3,000 of cash during the month.

Required:

1. Prepare an income statement for Jantz Plumbing Service for the month ended August 31, 20--.
2. Prepare a statement of owners equity for Jantz Plumbing Service for the month ended August 31, 20--.
3. Prepare a balance sheet for Jantz Plumbing Service as of August 31, 20--.

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