Can someone help me with to draw a balance sheet and income


We take a reservation for a birthday party and the group pays $20 in advance.We pay our Vendor’s Payable.We purchase a three - period Insurance policy costing $10 per period and pay $30 in cash.

 

Can someone help me with to draw a balance sheet and income statement of it .

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Financial Accounting: Can someone help me with to draw a balance sheet and income
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