Accounts Payable $29,000
Accounts Receivable $9,000
Insurance Expense $14,000
Jacob Wright, Capital – 3/1/2026 $58,000
Jacob Wright, Drawing $5,000
Salaries Expense $51,000
Sales Revenue $82,000
Service Revenue $11,000
Truck Expense $8,000
Utilities Expense $13,000
Wages Expense $22,000
EA2-E3 Create Financial Statements for Weather Watchers Co.
In this exercise, you will create income statement, statement of owner’s equity, and balance sheet in Excel for Weather Watchers Co. With the exception of the Jacob Wright, Capital account (the balance for which is from 3/1/2026), the company had the following account balances as of 3/31/2026:
When creating the financial statements, be certain to use the techniques from this chapter to present each in good form.
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