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hello, if you are good at the accrual method , income statements, statement of retained earnings, and balance sheets in accounting please help! Also if

hello, if you are good at the accrual method , income statements, statement of retained earnings, and balance sheets in accounting please help! Also if you are having trouble with a3, remember you don't always only have two accounts, sometimes you might have three accounts. think about all the accounts that are impacted in this transaction. this might be easier to do using excel. THANK YOU I WILL GIVE A LIKE IF YOU CAN COMPLETE IN 24 HOURS. image text in transcribed
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2 A ***Accrual Method ***Corporation 3 4 5. a. you invest $1,000 in the business in exchange for common stock on Jan 1 6 7 b. On Jan. 1 you paid $150 for an insurance premium for general business insurance - 3 month policy 8 9. c. company signs a contract to provide services of $5,000; no cash paid today no services performed 10 11 d. you received $500 for services to be provided later 12 13 e. you received $1,500 today for services provided 14 15 f. you received 1/2 of the payment for the contract signed in transaction (c), no services have been provided or started 16 17 8. provided $1,000 of services on account: fees will be billed 18 19 h. Paid $500 for monthly operating expenses 20 21 provided $2,500 of services to patients on account; fees will be billed later 22 23. j the Company paid dividends to shareholders of $1,000 24 25 26 al 1 month of prepaid insurance expired 27 28 a2 fees from transaction (s) were billed and paid 29 30. a3 received final payment for contract signed in transaction c and services were completed Transaction Income Strnt #2 Stmt of Retained Eamings Balance Sheet Company Income Statement Revenue Fees Earned (Sales) Total Revenue Expenses Misc Expense Rent Expense Utilities Expense Supplies Expense Insurance Expense Wages Expense Depreciation Expense Interest Expense Total Expenses Net Income(Loss) D E G H Company Statement of Retained Earnings Retained Earnings May 1, 2015 Add: Net Income Less: Dividends Increase in Retained Earnings Retained Earnings Jan 31, 2016 Company Balance Sheet Assets Cash Accounts Receivable Note Receivable Prepaid Expense Office Equipment Accumulated Depreciation Supplies Land Total Assets Liabilities Accounts Payable Unearned Revenue Wages Payable Note Payable Total Liablities Owner's Equity Capital Stock Retained Earnings Total Owner's Equity Total Liabilities & Owner's Equity chech Transaction #1 Income Stmt #2 Stmt of Retained Earnings #3 Balance Sheet

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