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An analysis of transactions for Tamarisk, Inc., a certified public accounting firm, for the month of August is as follows. Assume that August is the
An analysis of transactions for Tamarisk, Inc., a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Liabilities + Accounts Payable Stockholders' Equity Retained Earnings Expenses Dividend lies + Common Stock $15,400 Equipment + Revenues $5,600 $3,500 300 $9,500 Service Revenue - 1.400 -$1,000 - $800 Rent Expense -3,900 -650 650 Salaries/Wages Expense Utilities Expense Prepare an income statement for August. TAMARISK, INC. Income Statement > $ > $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a retained earnings statement for August. (List items that increase retained earnings first.) TAMARISK, INC. Retained Earnings Statement $ 4 Prepare a classified balance sheet at August 31. (List current assets in order of liquidity) TAMARISK, INC. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $ $
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