Financial Statements

The following account balances were taken from the general ledger of R$.$ Ladd & Company as of January $31.$ Ladd trains dogs for competitive championship field trials. The firm$$s accounting year began on January $1.$

Account balances as of January $31$

Land $$21,000$ Office rent expense $$800$

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 $8,200$

Retained earnings $9,000$

Cash $7,300$ Salaries expense $4,480$

Accounts payable $820$ Dividends $1,100$

Prepare an income statement and statement of stockholders$$ equity for the month of January and a balance sheet as of January $31.$ No stock was issued during the month.

Income Statement

Statement of Stockholders' Equity

Balance Sheet

TIP: Expenses can be listed in any order