Question: Prepare an income statement, a retained earnings statement, and a balance sheet for the medical practice of Linda Denny, MD, from the items listed below

Prepare an income statement, a retained earnings statement, and a balance sheet for the medical practice of Linda Denny, MD, from the items listed below for the month of October 2017.

Retained earnings (October 1) $15,000

Common stock 30,000

Accounts payab 6,000

Equipment 29,000

Service revenue 23,000

Dividends 6,000

Supplies expense 3,500

Cash 13,000

Utilities expense 700

Supplies 2,800

Salaries and wages expense 7,000

Accounts receivable 10,000

Rent expense 2,000

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