assignment 3A question 4

+ Assignment 3-A REQUIRED Question 4 of 6 > 1.6/3 ili Current Attempt in Progress A tabular analysis of the transactions made during August 2022 by Oriole Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Liabilities + Stockholders' Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Dividends $15.200 $15.200 - 1.190 $4.940 $3,750 -700 $700 3,300 $6,000 $9,300 -1,700 -1.700 -1,400 -$1,400 -900 - $900 380 -380 -3,400 -3,400 230 -230 Your Answer Correct Answer Your answer is correct. Prepare an income statement for August. ORIOLE COMPANY Income Statement For the Month Ended August 31, 2022 Revenues Service Revenue -69 9300 Expenses Rent Expense $ 900 i Salaries and Wages Expense 3400 i Utilities Expense 230 Total Expenses > 4530 Net Income /(Loss) ta 4770 eTextbook and Media List of Accounts Attempts: 3 of 3 used Your answer is correct. Prepare a retained earnings statement for August. (List items that increase retained earnings first.) ORIOLE COMPANY Retained Earnings Statement For the Month Ended August 31, 2022 Retained Earnings, August 1 $ Add : Net Income /(Loss) 4770 4770 Less Dividends 1400 i 6 Retained Earnings, August 31 3370 e Textbook and Media List of Accounts Attempts: 1 of 3 used (6) ORIOLE COMPANY Balance Sheet Assets $ $ $ $ Liabilities and Stockholders' Equity $ > $ $