Michah's Detailing ServiceAccount Names and Balances (Note- the Business started Jan 1st.)

Cash	$2,000	Notes Payable	$1,200
Fees Earned	3,600	Land	1,500
Rent Expense	500	Wages Expense	800
Supplies	600	Common Stock Issued	1,300
Dividends	700

Complete the following statements:

Michah's Detailing Services

Income Statement For the Month Ended Jan 31, 20XX

Operating Expenses:

Total Operating Expenses

Net Income

Michah's Detailing Services

Statement of Stockholders' Equity

For the Month Ended Jan 31, 20XX

Beginning Common Stock 0

Ending Common Stock Ending Retained Earnings

Beginning Retained Earnings 0

Total Stockholders Equity

Michah's Detailing Services

Balance Sheet

1/31/20XX Assets:

Total Assets

Liabilities:

Total Liabilities

Stockholders' Equity:

Total Stockholders' Equity

Total Liabilities and Stockholders' Equity

Michah's Detailing Service

Information for the Statement of Cash Flows

Net Income	$2,300	Issued Common Stock for cash	$1,100
Loss on sale of equipment	925	Accounts Payable Increase	225
Accounts Receivable decrease	475	Inventory increase	1,700
Purchased Land for cash	3,200	Depreciation & Amortization	725
Borrowed Cash from bank	3,400	Paid Cash Dividends	2,800
Proceeds from sale of investments	550

Cash flow from Operating Activities:

Total Cash ______________ by operating activities

Cash flow from Investing Activities:

Total cash_______________ by investing activities

Cash Flow from Financing Activities:

Total cash ______________ by financing activities

Total Change in Cash for the year

Beginning Cash Balance 0

Ending Cash Balance