Question: Prepare a balance sheet, income statement and owner's equity statement. (Extra credit 12 points) Service Revenue $ 87,800 Owner's Drawings 12,000 Interest Payable 1,000 Supplies

 Prepare a balance sheet, income statement and owner's equity statement. (Extra

Prepare a balance sheet, income statement and owner's equity statement. (Extra credit 12 points) Service Revenue $ 87,800 Owner's Drawings 12,000 Interest Payable 1,000 Supplies 2,300 Unearned Revenue 5,000 Depreciation Expense 8,000 Owner's Capital 26,000 Accumulated Depreciation- Equip. 20,000 Salaries and Wages Expense 39,000 Prepaid Insurance 4,400 Accounts Payable 8,000 Salaries and Wages Payable 2,600 Advertising Expense 10,000 Notes Payable 15,000 Cash 18,800 Accounts Receivable 16,200 Interest Expense 1,000 Insurance Expense 4,000 Supplies Expense 3,700

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