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A list of accounts and their balances of ONeills Psychological Services, at its year end July 31, 2021, is presented below:
Supplies | | $790 |
Unearned Revenue | | 1,070 |
Supplies Expense | | 5,930 |
Cash | | 6,435 |
Accounts Receivable | | 7,335 |
Accounts Payable | | 9,100 |
Rent Expense | | 10,840 |
Notes Payable | | 22,750 |
Salaries Expense | | 45,000 |
T. ONeill, Drawings | | 57,300 |
Equipment | | 58,550 |
T. ONeill, Capital | | 65,300 |
Service Revenue | | 93,960 |
Prepare balance sheet.
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