Prepare an income statement and an owner equity statement


Question - Prepare an income statement and an owner equity statement and a balance sheet for sale sports club from the accounts listed below for the month of November.

Saleh Capital November $ 21000

Equipment 15000

Salaries expense 4500

Supplies 1400

Accounts receivable 7000

Service revenue 12500

Saleh Drawings 3000

Account payable 3500

Rent expenses 1000

Supplies expense 1750

Cash 3000

Utilities expense 350

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Accounting Basics: Prepare an income statement and an owner equity statement
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