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NEED HELP PLEASE ABC Co. had the following transactions during January 2019: a.Individual deposited $50,000 into ABC Co.'s bank account in exchange for stock b.Co.

NEED HELP PLEASE

ABC Co. had the following transactions during January 2019:

a.Individual deposited $50,000 into ABC Co.'s bank account in exchange for stock

b.Co. received a loan from the Bank of UIW for $500,000

c.Co. purchased building for $500,000

d.company provides services of $50,000 to customers on account

e.on 1/1 you purchased a 6 month insurance policy for $12,000

f.provided services to customers for $10,000 on account

g.received cash of $20,000 for services not yet provided

h.during the month, Co. paid expenses of $5,000

i.Co. decided to paid dividends of $5,000

a1 received $10,000 for services previously provided in transaction f

a2 its the end of the month, make the appropriate adjustments to any prepaids previously recorded

a3 made a loan payment to the Bank of UIW for $10,000

Prepare ABC's Income Statement from the data above. (Accrual Method)

Prepare a Statement of Retained Earnings from the data above. (Accrual Method)

Prepare a Balance Sheet for ABC Co. from the above data. (Accrual Method)

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