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I NEED TO CREATE AN INCOME STATEMENT, RETAINED EARNINGS STATEMENT AND BALANCE SHEET Part 1. Using the financial data presented below (in alphabetical order) for

I NEED TO CREATE AN INCOME STATEMENT, RETAINED EARNINGS STATEMENT AND BALANCE SHEET

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Part 1. Using the financial data presented below (in alphabetical order) for Amos Moving Services, Inc., develop a set of financial statements (Income Statement, Retained Earnings Statement, and Balance Sheet) for the year ending December 31, 2017. You must prepare these in accordance with the United States Securities and Exchange Commission approved "Generally Accepted Accounting Principles" (GAAP). Balance $1,200 10,340 157,630 25,000 32,320 16,570 84,350 47,000 230 1,240 1,670 23,550 Accounts payable Accounts receivable Buildings Capital stock Cash Dividends Fees earned Land Miscellaneous expense Office expense Supplies Wages expense The Retained Earnings balance was $180,000 at January 1, 2017, the beginning of the current year. Part 2. Journalize these transactions for the month of January 2018 for Amos Moving Services: 1/3 Purchased supplies on account. $500 1/5 Recorded services provided on account. $240 1/15 Paid part time receptionist. $400 1/20 Paid telephone bill. $115 1/25 Received cash from customers paying on their account. $350 1/31 Paid for the supplies purchased on account back on 1/3

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