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 |
Prepare statement of owners equity. (List items that increase owner's equity first.)
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