Prepare an income statement, a retained earnings statement, and a balance sheet for the medical practice of Linda Denny, MD, from the items listed below for the month of October 2017.
Retained earnings (October 1) $15,000
Common stock 30,000
Accounts payab 6,000
Equipment 29,000
Service revenue 23,000
Dividends 6,000
Supplies expense 3,500
Cash 13,000
Utilities expense 700
Supplies 2,800
Salaries and wages expense 7,000
Accounts receivable 10,000
Rent expense 2,000