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Create an Income Statement, Retained Earnings, and Balance Sheet with the information below: Windsor Inc., a provider of consulting services, was founded on October 1,
Create an Income Statement, Retained Earnings, and Balance Sheet with the information below:
Windsor Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information.
Accounts payable | $ 3,300 | Supplies | $ 2,550 | |||
---|---|---|---|---|---|---|
Interest expense | 410 | Supplies expense | 470 | |||
Equipment (net) | 50,000 | Depreciation expense | 280 | |||
Salaries and wages expense | 2,500 | Service revenue | 20,530 | |||
Bonds payable | 22,400 | Salaries and wages payable | 560 | |||
Unearned service revenue | 4,160 | Common stock | 10,600 | |||
Accounts receivable | 1,350 | Interest payable | 160 | |||
Cash | 4,150 |
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