How much is your service i need help with an accounting

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Reference no: EM13379782

How much is your service? I need help with an accounting problem: Prepare an income statement, using the single-step form, and a statement of owner's equity using the data (below) from the ledger of Morrison Co. after adjustment at September 30, 2011 the end of the fiscal year, listed as follows:

Accounts Receivable $ 39,120

Accumulated Depreciation 60,540

Administrative Expenses 90,000

Bob Morrison, Capital 85,000

Cost of Merchandise Sold 550,000

Bob Morrison, Drawing 65,000

Interest Revenue 10,000

Office Equipment 82,700

Prepaid Insurance 4,680

Note Payable 77,750

Salaries Payable 3,060

Sales (net) 950,000

Selling Expenses 102,000

Supplies 3,125

Reference no: EM13379782

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