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At the Beginning of September, Stanley Neal Started Neal's Investment Services, a firm that offers advice about investing and managing money. On September 30, the accounting records of the business showed the following information. Prepare an income statement for the month of September 2007.
Cash $16,050Accounts Receivable $1,500Office Supplies $1,200Office Equipment $18,250Accounts Payable $2,350Fees Income $36,400Advertising Expense $2,750Salaries Expense $7,500Telephone Expense $350Withdrawals $4,000Stanley Neal, Capital 9-1-2007 $12,850
With the Information Listed Above Prepare a statement of owner's equity and a balance sheet for Neal's Investment Services as of September 30, 2007.
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