e May 31, 2020, financial position.) (Click the icon to view the transactions.) com Transactions Xrder the and o lis Con a. me h En C. During June 2020, the business completed these transactions: Received cash of $9,100 and issued common shares. b. Performed services for a client and received cash of $6.700. Paid $4,400 on accounts payable. d. Purchased supplies on account, $1,200. Collected cash from a customer on account, $300. f. Consulted on the design of a business report and billed the client for services rendered, $2,100. g. Recorded the following business expenses for the month: paid office rent $700; paid advertising, $100. h. Declared and paid a cash dividend of $1.800 e. se Print Done any number in the input fields and then click Check Answer. summarize the financial position of Smith Consulting, Inc. on May 31, 2020. o view the May 31, 2020, financial position.) (Click the icon to view the transactions.) are the incom Transactions x rder be X Financial Position Assets Liabilities + Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies + Land + Shares + Payable 8.400 Earnings 2,050 Bal. 1,300 1,350 11.700 3.900 Print Done enses oss) Print Done st or enter any number in the input fields and then click Check Answer. - X Requirements ancia ers 1. Prepare the income statement of Smith Consulting, Inc. for the month ended June 30, 2020. List expenses in decreasing order amount. 2. Prepare the entity's statement of retained earnings for the month ended June 30, 2020. 3. Prepare the balance sheet of Smith Consulting, Inc. at June 30, 2020 C . 1. Print Done Print Done P2-33A (alt 3) The following amounts summarize the financial position of Smith Consulting, Inc. on May 31, 2020 (Click the icon to view the May 31, 2020, financial position.) (Click the icon to view the transactions.) Requirements Requirement 1. Prepare the income statement of Smith Consulting, Inc. for the month ended June 30, 2020. List expenses in decreasing order by amount Begin by selecting the labels for the income statement heading Then complete the income statement by selecting the appropriate accounts and entering the amounts into the statement. Rem a net loss.) Smith Consulting, Inc. Income Statement For the Month Ended June 30, 2020 Revenues Expenses Total expenses Net income (loss) 7 Choose from any list or enter any number in the input fields and then click Check Answer 4 parts Clear All remaining