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Prepare a balance sheet and income statement as a result of the following transactions: Owner deposit of...

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Accounting

  1. Prepare a balance sheet and income statement as a result of thefollowing transactions:
  1. Owner deposit of $2000 to open a bank account
  2. Owner deposits and additional $500 in the bank account toincrease his/her equity
  3. Purchase a used hand truck for $600
  4. Bought insurance for the truck.  Insurance cost is$40 for the month.
  5. Placed a newspaper ad for $25
  6. Purchased ladders for $300
  7. Completed first job and was paid $2700 in cash
  8. Purchased $200 in supplies
  9. Rented a sprayer for $40
  10. Received $120 for completed job
  11. Received a bill of $15 for telephone
  12. Bought gasoline for $30

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