Reference no: EM133017846
Question - The record of Teresa's Toys Co. as of December31, 20xx Accounts payable $10,000 Insurance Expense 500
Accounts Receivable 19,000
Teresa, Capital Jan. 1, 2020 62,500
Land 14,000
Notes Payable 33,000
Building 48,000
Wage Expense $60,000
Advertising Expense 12,000
Cash 15,000
Equipment 25,000
Maintenance Expense 6,000
Revenues 130,000
In addition, Teresa withdrew $36,000 during the year for personal expense.
1. Using the above information, provide an income statement.
2. Using the above information, provide a statement of Owner's Equity.
3. Using the above information, provide a balance sheet.