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On January 1, 2018, Mark Ponusky founded Ponusky Plants Services, Inc. to assist apartment dwellers and homeowners take care of their indoor plants. The following

On January 1, 2018, Mark Ponusky founded Ponusky Plants Services, Inc. to assist apartment dwellers and homeowners take care of their indoor plants. The following events happened during January.

January 1: Stockholders invested $15,000 cash in Ponusky Plants Services.

January 15: Ponusky Plants Services purchased $800 of plant supplies. Ponusky Plants Services did not pay cash for the supplies but promised to pay for them by the end of February. By the end of January, all the supplies had been used up by Ponusky Plants Services.

January 25: $600 cash was paid by Ponusky Plants Services for supplies purchased on January 15th. The remaining $200 is expected to be paid by February 28th.

January 31: During January, Ponusky Plants Services provided $5,200 of services to customers who promised to pay cash to Ponusky Plants Services within 30 days.

1 Based on the analysis of the all January events of Ponusky Plants Services, Inc., how much is the cash balance as of January 31?

2How much is the balance of accounts receivable?

3How much is the balance of supplies as of January 31?

4How much is the balance of accounts payable as of January 31?

5How much is the balance of common stock as of January 31?

6While preparing the Ponusky Plants Services Inc. income statement for the month of January and its balance sheet as of January 31, 2018, how much is service revenue?

7How much is the expense that will be reported in the income statement of Ponusky Plants Services company?

8How much is total assets which will be reported in the company's balance sheet?

9If no dividend is declared, net income is calculated as $4,400, and the company just started this period, how much is retained earnings in the balance sheet?

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