Then prepare a ledger, income statement, statement of owner's Equity and balance sheet Dr Cr Account-Explain Prepaid-insurance 1 year Prepaid -rent 4 months Date $1,200 8,000 9,000 May 1...

Then prepare a ledger, income statement, statement of owner's Equity and balance sheet<br>Dr<br>Cr<br>Account-Explain<br>Prepaid-insurance 1 year<br>Prepaid -rent 4 months<br>Date<br>$1,200<br>8,000<br>9,000<br>May 1<br>Vehicle-minivan<br>5,000<br>Notes Payable- Carland 4 yr loan<br>13,200<br>Cash<br>80,<br>Equipment-Coffee Machine<br>IBO-Mr.E<br>80<br>500<br>3.<br>Supplies-stationary<br>500<br>Accounts Payable - Staples<br>17,000<br>4.<br>Cash<br>2,000<br>7,000<br>Revenue<br>IBO-Mr. E<br>8,000<br>IBO-Mrs. E<br>Accounts Receivable-Mrs. Pink<br>3,000<br>Revenue<br>3,000<br>6.<br>Accounts Payable- Staples<br>200<br>Cash<br>200<br>7.<br>Equipment-Computer<br>2,000<br>1,500<br>Accounts Payable-CanComp<br>Cash<br>500<br>550<br>Salary Expense<br>Cash<br>10<br>550<br>11<br>WBO-Mrs. E<br>40<br>Supplies<br>40<br>2.<br>5.<br>

Extracted text: Then prepare a ledger, income statement, statement of owner's Equity and balance sheet Dr Cr Account-Explain Prepaid-insurance 1 year Prepaid -rent 4 months Date $1,200 8,000 9,000 May 1 Vehicle-minivan 5,000 Notes Payable- Carland 4 yr loan 13,200 Cash 80, Equipment-Coffee Machine IBO-Mr.E 80 500 3. Supplies-stationary 500 Accounts Payable - Staples 17,000 4. Cash 2,000 7,000 Revenue IBO-Mr. E 8,000 IBO-Mrs. E Accounts Receivable-Mrs. Pink 3,000 Revenue 3,000 6. Accounts Payable- Staples 200 Cash 200 7. Equipment-Computer 2,000 1,500 Accounts Payable-CanComp Cash 500 550 Salary Expense Cash 10 550 11 WBO-Mrs. E 40 Supplies 40 2. 5.

Jun 11, 2022

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Then prepare a ledger, income statement, statement of owner's Equity and balance sheet Dr Cr Account-Explain Prepaid-insurance 1 year Prepaid -rent 4 months Date $1,200 8,000 9,000 May 1...

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