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  3. part 1, income statement part 2, statement of owne

Part 1, income statement part 2, statement of owner's equity part3, balance sheet part 4,...

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Accounting

Part 1, income statement

part 2, statement of owner's equity

part3, balance sheet

part 4, Analyze the financial statement

part 5, prepare closing entries

Accounts payable

6,300

Accounts Receivable

9,000

Accumulated Depreciation Building

41,000

Accumulated Depreciation Equipment

$4,200

Building

350,000

Cash

$98,000

Depreciation expense, building

7,000

Depreciation expense, equipment

800

Insurance expense

5,200

Interest payable

2,000

Land

700,000

Long-term note payable

52,000

Misty Jam, Capital

1,010,000

Misty Jam, Withdrawals

200,500

Office equipment

8,000

Office supplies

3,300

Prepaid Insurance

9,000

Prepaid Rent

15,000

Rent expense

6,000

Salaries expense

89,000

Salaries payable

14,500

Service fees earned

370,800

Totals

$1,500,800

$1,500,800

Additional Information:

A $8,000 installment on the long-term note payable is due within one year.

Misty Jam invested $25,000 into her business during the year.

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