A1Q1

Prairie Company is owned and operated by Natasha Woods. In alphabetical order below are the financial statement accounts for Prairie Company. Using the appropriate accounts, prepare an income statement for the month ended October 31, 2024.

Accounts payable	$90,000		N. Woods, capital, October 1, 2024	$36,000
Accounts receivable	77,500		N. Woods, drawings	6,000
Advertising expense	3,600		Rent expense	2,600
Cash	59,300		Service revenue	23,000