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A list of accounts and their balances of ONeills Psychological Services, at its year end...

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Accounting

A list of accounts and their balances of ONeills Psychological Services, at its year end July 31, 2021, is presented below:

Supplies $790
Unearned Revenue 1,070
Supplies Expense 5,930
Cash 6,435
Accounts Receivable 7,335
Accounts Payable 9,100
Rent Expense 10,840
Notes Payable 22,750
Salaries Expense 45,000
T. ONeill, Drawings 57,300
Equipment 58,550
T. ONeill, Capital 65,300
Service Revenue 93,960

(b1)

Prepare an income statement.

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