From the trial balance of Howards Cleaners prepare the follo

From the trial balance of Howard\'s Cleaners, prepare the following for August ·Income statement * Statement of owner\'s equity . Balance sheet (Click the icon to view the trial balance ) Prepare the income statement Begin with the heading and then complete the rest of the statement. (If a box is not used in the income statement leave the box empty; do not se Howard\'s Cleaners Income Statement For the Month Ended August 31, 201x Data Table Howard\'s Cleaners Trial Balance August 31, 201X Dr. Cr. 450 Cash Equipment Accounts Payable 780 J. Howard, Capital 665 J Howard, Withdrawals Cleaning Fees Salaries Expense Utblities Expense 487 97 5221,522 Totals Print Done

Solution

Income statement:

Statement of owners equity

Balance sheet:

T accounts:

Revenues
Cleaning fees	487
Expenses
Salaries expense	140
Utilities expense	97
Total expenses	237
Net income	250