ASSETS
LIABILITIES AND OWNER’S EQUITY
1A-5. From the following account balances, prepare in properform for November (a) an income statement, (b) a statement ofowner’s equity, and (c) a balance sheet for Frederick Realty. Cash$4,800 S. Frederick, Withdrawals $ 120 Accounts Receivable 1,230Professional Fees 3,000 Office Equipment 8,300 Salaries Expense 550Accounts Payable 4,000 Utilities Expense 200 S. Frederick, Capital,Nov. 1, 201X 9,000 Rent Expense 800 ASSETS LIABILITIES AND OWNER’SEQUITY
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