Assume the Earl Coffee Roasters Corp. ended the month of AugustAugust 2015 with these data: LOADING... (Click the icon to view the financial data.)

Requirement

1. Prepare the income statement and the statement of retained earnings of Earl Coffee Roasters Corp., for the month ended August 31, 2015

Payments of cash:

Payments of cash: Acquisition of equipment 200,300 Cash balance, August 1, 2015 2,000 5,200 Cash balance, August 31, 2015 Cash receipts: Retained earnings August 1, 2015 Retained earnings 15,100 1,800 15,100 200,300 7,300 8,700 276,700 0 ssuance (sale) of stock to owners Rent expense August 31, 2015 Uilities expense Adjustments to reconcile net income Common stock 5,000 Equipment Office supplies to net cash provided by operations 1,400 Accounts payable Salary expense 78,900 Service revenue