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A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase
A tabular analysis of the transactions made during August 2022 by Carla Vista Co. during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Stockholders' Equity Assets Liabilities + Supp. + Equip. Accounts Payable + Common Stock +Retained Earnings +A/R Cash Expenses Dividends Revenues $22,100 $22,100 1. $3,450 $5,030 -1,580 2. $790 3. -790 Serv. Rev $9,800 $6,300 3,500 4. -1,700 -1,700 5. -$1,500 -1,500 6. Rent Exp. -$820 -820 7. -500 500 8. Sal, Exp. -3,800 -3,800 9. Util. Exp. -390 390 10. (a) Your answer is partlally correct Prepare an income statement for August. CARLA VISTA CO. Income Statement For the Month Ended August 31, 2022 Revenues $ Service Revenue Expenses $ Total Expenses eTextbook and Medla List of Accounts Save for Later Attempts: 1 of 3 used
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