2) Using the following worksheet for Alphabet Services, prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet.
Alphabet Services Worksheet December 31, 2022
Unadjusted Adjusted Income Balance Trial Balance Adjustments Trial Balance Statement Sheet Debit Credit Debit Credit Debit Credit Debit Credit
Cash 1,700 1,700 1,700
Accounts Receivable 8,500 2,000 10,500 10,500
Supplies 100 80 20 20
Equipment 7,500 7,500 7,500
Accum. Amortization 2,000 240 2,240 2,240
Accounts Payable 1,200 1,200 1,200
Salary Payable 800 180 980 980
Unearned Revenue 600 600 600
Owner's Capital 3,400 3,400 3,400
Owner's Withdrawal 2,300 2,300 2,300
Service Revenue 40,000 2,000 42,000 42,000
Salary Expense 24,000 180 24,180 24,180
Supplies Expense 2,300 80 2,380 2,380
Amortization Expense 1,600 240 1,840 1,840
Total 48,000 48,000 2,500 2,500 50,420 50,420 28,400 42,000 22,020 8,420
Net income/(loss) 13,600 13,600
Total 42,000 42,000 22,020 22,020