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a. Prepare an income statement, statement of retained earnings and a balance sheet for each year and determine the missing values. b. During January of
a. Prepare an income statement, statement of retained earnings and a balance sheet for each year and determine the missing values. b. During January of 2023 , the company had the following transactions: Jan. 1 Paid rent of $1,600 for the month Jan. 2 Paid $590 for advertising Jan. 4 Purchased $400 of supplies on account Jan. 6 Made a bank loan payment of $800 Jan. 10 Purchased $3,200 of equipment Jan. 14 Dividend of $1,400 is paid to owners Jan. 19 Paid utility bill of $550 for the month Jan. 25 Sold services to customers for $7,200 on account Jan. 26 Received $6,000 from customers on account Jan. 31 Paid employee payroll of $11,400 Jan. 31 Supplies still on hand were reported at $3,000 Prepare a tabular analysis for January, record the transactions and then prepare a statement of cash flows, income statement, statement of retained earnings and balance for the company
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