Need help with accounting Can you help with preparing an Income statement of one month (January) using the accrual basis of accounting (and please show the calculations, so I can understand) Tribro Corporation is an interior and exterior painting business The company specializes in painting the houses of senior citizens at a reasonable rate The company RENTS a truck that is used in their business The truck rent of $2,400 was paid in advance for 6 months at the beginning of January Tribro has provided you with the following information related to the houses it painted during the month of January On January 1, Tribro paid $3,600 for liability insurance for the next 12 months (Jan Dec ) The insurance is allocated (expires) equally over the 12 month period Customers were billed $12,000 for houses painted (and completed) in January The company received $8,000 in January and expects to receive the remaining $4,000 in February One customer paid the company $5,000 for work to be performed in February The owners (stockholders) invested 65,000 in exchange for capital stock During the month of January, Tribro used 8 painters (employees) Each painter earned a salary of $600 for work they performed in January Tribro paid the painters $4,000 in January and will pay the remaining $800 on the 1st pay period in February Tribro purchased paints and supplies of $9,000 during January At the end of January, $3,000 of paints and supplies were still remaining (unused) and reported as Supplies on Hand At the end of January, Tribro paid a $2,000 dividend to its stockholders For ANY bullet () item above that was not reported on the the Income Statement, identify which financial statement the item would be reported on If an item should appear on the Balance Sheet, also please indicate where on the Balance Sheet Remember, if you used any part of the bullet on the Income Statement, you should NOT comment on it below even if some other part of the bullet affects another financial statement

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Need help with accounting. Can you help with preparing an Income statement of one month (January) using the accrual basis of accounting (and please show

Need help with accounting. Can you help with preparing an Income statement of one month (January) using the accrual basis of accounting (and please show the calculations, so I can understand):

Tribro Corporation is an interior and exterior painting business. The company specializes in painting the houses of senior citizens at a reasonable rate. The company RENTS a truck that is used in their business. The truck rent of $2,400 was paid in advance for 6 months at the beginning of January. Tribro has provided you with the following information related to the houses it painted during the month of January.

On January 1, Tribro paid $3,600 for liability insurance for the next 12 months. (Jan.-Dec.). The insurance is allocated (expires) equally over the 12-month period.
Customers were billed $12,000 for houses painted (and completed) in January. The company received $8,000 in January and expects to receive the remaining $4,000 in February.

One customer paid the company $5,000 for work to be performed in February.

The owners (stockholders) invested 65,000 in exchange for capital stock.
During the month of January, Tribro used 8 painters (employees). Each painter earned a salary of $600 for work they performed in January. Tribro paid the painters $4,000 in January and will pay the remaining $800 on the 1st pay period in February.
Tribro purchased paints and supplies of $9,000 during January. At the end of January, $3,000 of paints and supplies were still remaining (unused) and reported as Supplies on Hand.
At the end of January, Tribro paid a $2,000 dividend to its stockholders. _________________________________________________________________
For ANY bullet () item above that was not reported on the the Income Statement, identify which financial statement the item would be reported on. If an item should appear on the Balance Sheet, also please indicate where on the Balance Sheet. Remember, if you used any part of the bullet on the Income Statement, you should NOT comment on it below even if some other part of the bullet affects another financial statement.