Required: From the financial information below, complete an income statement, statement of changes in shareholders’ equity, and balance sheet.
|
Accounts receivable |
$4,000 |
|
Accounts payable |
5,000 |
|
Cash |
1,000 |
|
Share capital |
? |
|
Equipment |
8,000 |
|
Insurance expense |
1,500 |
|
Miscellaneous expense |
2,500 |
|
Office supplies expense |
1,000 |
|
Service revenue |
20,000 |
|
Wages expense |
9,000 |
|
Dividends |
2,000 |
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