Tidy Car, Inc.. provies mohile detailing to its customers. The Income Statement for the month ended January

Tidy Car, Inc.. proviḑes mohile detailing to its customers. The Income Statement for the month ended January 31, 2020, the Balance Sheet for December 31, 2019, and details of postings to the Cash account in the general ledger for the month of January 2020 follow:

The following additional information is also available 

1. \(\$ 1,100\) of the cash collected from customers in January 2020 was for gift certificates for detailing services to be performed in the future. As of January \(31,2020, \$ 1,600\) of gift certificates were still outstanding.
2. \(\$ 3,300\) of supplies were purchased on account.
3. Employees are paid monthly during the first week after the end of the pay period.
Requirements
Based on these statements, prepare the Balance Sheet for January 31, 2020

Transcribed Image Text:

A Tidy Car, Inc. Income Statement Month ended January 31, 2020 1 I 2 Revenue 3 Detailing revenue Gift certificates redeemed B C $ 36,500 700 $ 37,200 45 16 7 00 8 9 Expenses: Salary expense Depreciation experse-equipment Supplies expense Advertising expense 10 Net income 11 $ 10,000 D 6,800 3,100 3,000 22.900 $14,300