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Instructions Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2014. (not sure what else you
Instructions Prepare an income statement and a retained earnings statement for August and a balance sheet at August 31, 2014. (not sure what else you need this is all it gave me)
Cash + Accounts Assets =Liabilities + Stockholders' Equity Accounts Common Retained Earnings Receivable + Supplies + Equipment = Payable Stock Rev. - Exp. - Div. +$15,000 + $5,000 +$3,000 +$750 +$4,500 + $9,100 Service Revenue 1. +$15,000 2. -2,000 3. -750 4. +4,600 5. -1,500 6. -2,000 -650 +450 9. -3,900 -1,500 -$2,000 -$650 Rent Expense -450 +500 -3.900 -500 Sal./Wages Expense Utilities Expense th8 a 11 $5000 issued share B) Buy $15000 equipment with $2,000 cash & $13,000 credit & Supplies for $750 cash 4) Service for $4600 cash $4500 ace recerable 5 paid $1,500 All payable 16) Paid $2ooo Diudend 7) Rent cost 650 a) paid out 3900 in wages 10 Utilities soo 16 Issued Capital +15,000, t Net Incore 40so Dividend - 2000 total increase $17050 / 9 Service Revenue 19100 Rent - 650 Salaries & Wages - 3900 Utilities -soo Net Inome 1940soStep by Step Solution
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