Using your answer from Exercise 1-19, prepare an income statement, a statement of changes in equity, and a balance sheet using the formats provided.

 

Analysis Component: Identify which assets were financed by:

a. Liabilities

b. Owner investment

c. Net income

Also identify the amount(s) for each.

Mailin Moon-Freelance Writing Income Statement For Month Ended March 31, 2014 Revenues:. Salaries expense Rent expense. Mailin Moon-Freelance Writing Statement of Changes in Equity For Month Ended March 31, 2014 Add: Investments by owner Mailin Moon-Freelance Writing Balance Sheet March 31, 2014 Assets Liabilities Cash. Accounts payable Supplies... Equipment Equity Mailin Moon, capital. Total liabilities and equity....