[jkozitza]

Here is the information I have
Cash $77,250
Accts Rec. $67,800
Supplies $12,050
Land $80,000
Accts Payable $58,450
Withdrawals $10,000
Dry Cleaning Revenue $50,000
Dry Cleaning Expense $14,800
Wage Expense $8,200
Rent Expense $4,500
Supplies Expense $7,050
Truck Expense $1,875
Utilities Expense $1,575
Misc. Expense $850

I am not sure how to put this information into a income statement and also a balance sheet
I do not know how to find the fees earned
Thank you in advance for your help!

[morgaine300]

http://www.principlesofaccounting.com/chapter%204.htm#PREPARING%20FINANCIAL%20STATEMENTS

Scroll down a little until you get to the blue and that's sample statements. If you want to post your answer for checking, someone will be happy to look at it, but please make an attempt at the work first, or ask what you don't understand.

As for Fees Earned -- common mistake of getting hung up that all revenue is called Fees Earned. I've never seen that account name in real work ever once. Books just like to use it. You have a revenue account -- there's no rule what it has to be called.