Question: Would I copy the amounts over on the work sheet to income statement and blance sheet section on the first picture? EMMETT TREE SERVICE WORK


Would I copy the amounts over on the work sheet to income statement and blance sheet section on the first picture?EMMETT TREE SERVICE WORK SHEET FOR THE MONTH ENDED JUNE, 2021 TRIAL BALANCE INCOME STATEMENT BALANCE SHEET CREDIT DEBIT CREDIT DEBIT CREDIT ACCOUNT NO. ACCOUNT NAME 101 CASH IN BANK 105 ACC. REC.--Marge Balzotti 110 ACC. REC.--John Gaines 115 OFFICE EQUIPMENT 120 TOOLS 201 ACC. PAY.--Cardenes Corp. 205 ACC. PAY.--Wood Tools, Inc. 301 C. VARGAS, CAPITAL DEBIT 3,814.61 382.97 521.46 2,930.65 4,186.50 1,607.52 2,780.39 8,852.75 8,852.75 301 302 400.00 303 401 501 505 510 515 C. VARGAS, CAPITAL C. VARGAS, WITHDRAWALS INCOME SUMMARY SERVICE FEES ADVERTISING EXPENSE MAINTENANCE EXPENSE RENT EXPENSE UTILITIES EXPENSE 3,408.91 955.30 175.43 2,750.00 532.65 16,649.57 16,649.57 EMMET TREE SERVICE Statement of Changes in Owner's Equity For the Month ended June 30, 2021 Beginning Capital, March 1, 2021 8,853 Add: Investments by Owner 500 Subtotal Less: Withdrawals by Owner Net Loss Total Decreases in Capital Ending Capital, March 31, 2021 *Note: - Investments by Owner: $500
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