DUS Financial Statements The following account balances were taken (out of order) from the general ledger of R. Ladd & Company as of January 31, Ladd trains dogs for competitive championship field trails. The firm's accounting year began on January 1. Land $21,000 Office rent expense SROO Maintenance expense 460 Supplies expense 760 Supplies 1,640 Utilities expense 200 Advertising expense 350 Fees earned 16 470 Common stock 20.000 Accounts receivable Retained earnings 9,000 salaries expense 4480 Cash 7,300 Dividends 1.100 Accounts payable 820 200 REQUIRED Prepare an income statement and statement of stockholders' equity for the month of January and a balance sheet as of January 31. Income Statement Statement of Stockholders' Equity Balance Sheet Note: Do note use negative signs with answers unless otherwise noted. R. Ladd & Company Income Statement For Month Ended January 31 Revenue 5 0 460 350 O Expenses Maintenance expense Advertising expense Office rent expense Supplies expense Utilities expense Salaries expense Total Expenses 0 O 0 1 O Question 7 incomplete answer Marked out of 43.00 P Flag question Financial Statements The following account balances were taken (out of order) from the general ledger of R. Ladd & Company as of January 31. Ladd trains dogs for competitive championship field trails. The firm's accounting year began on January 1 Land $21.000 Officerent expense $800 Maintenance expense 460 Supplies experte 760 Supplies 1.640 Utilities expense 200 Advertising expense 350 Fees earned 16,470 Common stock 20.000 Accounts receivable 8.200 Retained earnings 9,000 salaries expense 4.480 Cash 7.300 Dividends 1,100 Accounts payable 820 January 31 REQUIRED Prepare an income statement and statement of stockholders' equity for the month of January and a balance sheet as Income Statement Statement of Stockholders' Equity Balance Sheet Total Note: Use a negative sign with your "Less" answer R. Ladd & Company Statement of Stockholders' Equity For Month Ended January 31 Common Retained Stock Earnings $ OS OS Balance, January 1 Adid 0 Less . 0 0 Balance, January 31 OS 0 0 O Financial Statements The following account balances were taken (out of order) from the general ledger of R. Ladd & Company as of January 31. Ladd trains dogs for competitive championship field trails. The firm's accounting year began on January 1. Land $21,000 Officerent expense 1800 Maintenance expense 460 Supplies expense 760 Supplies 1.640 Utilities expense 200 Advertising expense 350 Fees earned 16470 Common stock 20,000 Accounts receivable 8.200 Retained earnings 9,000 Salaries expense 7.300 Dividends 1.100 Accounts payable 820 REQUIRED Prepare an income statement and statement of stockholders' equity for the month of January and a balance sheet as of January 31, Income Statement Statement of Stockholders' Equity Balance Shed Note: Balance sheet accounts are disclosed in a certain order. Refer to Columbia's Balance Sheet in Exhibit 3-3 in the textbook and enter answers in the appropriate order, R. Ladd & Company Assets Accounts receivable Supplies Land Total current asset Accounts payable Total assets Balance Sheet January 31 Liabilities 8.200 Fees earned . 1,640 Stockholders' Equity 2,100 Accounts payabile 11.940 Accounts receivable 820 Total stockholders equity 12.760 Total abities & equity 8888 1
