Question

Using the following accounts and their amounts, prepare in good format an Income Statement, Balance Sheet...

Using the following accounts and their amounts, prepare in good format an Income Statement, Balance Sheet and Statement of Owner’s Equity for Cloe Company, month ended Jan 31, 2009:

Telephone Expense P750

Cash P3,150

Accounts Payable P640

Cloe, Withdrawal P300

Fees Earned P10,700

Rent Expense P1,000

Supplies P230

Accounts Receivable P1,800

Computer Equipment P15,000

Cloe, Capital P13,080

Wages Expense P3,600

Utilities Expense P350

Notes Payable P2,000

Office Expense P240

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