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On January 23rd, two envents were served. Provided services in a morning event at local church and collected $1,590 for your service. And one

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On January 23rd, two envents were served. Provided services in a morning event at local church and collected $1,590 for your service. And one big event was serviced in the afternoon, the bill of $10,600 was paid 50% before the beginning of the event and the rest will be paid in 30 days. On January 28th, received the bill from the lawyer that helped you to set up the company for $3,975 payable by Feb 15th. (Hint: treat this as an asset). You have paid the bill on time. On January 29th, received a deposit of $4,770 for servicing a fund raising event in February, and received a deposit of $7,950 for servicing a wedding in March. On January 31st, collect $7,950 from the event on January 10th and got a phone call indicating the $2,120 owed for the January event will be paid sometime in February. 17th Bank changes monthly service fee of $265, and in addition, bank charges 6% per year for interest on start up loan, both fees will be automatically deducted from chequing account at the end of each month. Declared dividends to yourself of $100 per 1,000 shares on January 31st, all dividends declared in the current month will be paid in the next month. Required: 1. Prepare the statement of proof of cash by January 31st 2. Prepare the Income Statement (accrual accounting) for the Month of January. 3. Prepare the Balance Sheet (accrual accounting) as of January 31st

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