PL4A O 3), AP Reese Inc, a provider of consulting services, was founded on October 1, 2022. At the end ol the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. $ 3,300 Supplies Supplies expense Depreciation expense Service revenue Salaries and wages payable Common stock Accounts payable $2,460 380 Interest expense 410 Equipment (net) Salaries and wages expense Bonds payable Unearned service revenue 48,200 270 20.920 2500 21,500 445 4,065 9,100 Accounts receivable Interest payable 140 1,300 Cash 3,950 P2.2AYLO 1), AP These items are taken from the financiel statements of Martin Corporation for 20021 $1p00 2000 Retained earnings (beginning of year) Utilities expense Equipment ts payahle 6000 10,100 300 22800 12000 3,100 5,700 2000 68,000 3.500 18004 3,600 1100 1/3 and wages payable n stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2.300 37,000 17600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of Decem- ber 31, 2022 P2.3A VLO 1), AP You are provided with the following information for Lazuris Enterprises, effective as fits April 30, 2022, year-end. s 834 Accounts payable Accounts recehvable s10 670 Accumulated depreclation-equipment Cash Common stock 1,270 16900 Cost of goods sold Depreciation expense Dividends 1,060 335 325 2420 Equipment Goodwill Income tax expense Income taxes payable 1,800 165 135 210 Insurance expense Interest expense Inventory Investment in land Land 400 967 14,200 3.100 Mortpage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue 3,500 61 60 1600 700 222 5300 1300 Stock investments (short-term) Instructions a. Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the vear ended April 30, 2022 b. Prepare a classified balance sheet for Lazaris Enterprises as of April 30, 2022 PL4A O 3), AP Reese Inc, a provider of consulting services, was founded on October 1, 2022. At the end ol the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. $ 3,300 Supplies Supplies expense Depreciation expense Service revenue Salaries and wages payable Common stock Accounts payable $2,460 380 Interest expense 410 Equipment (net) Salaries and wages expense Bonds payable Unearned service revenue 48,200 270 20.920 2500 21,500 445 4,065 9,100 Accounts receivable Interest payable 140 1,300 Cash 3,950 P2.2AYLO 1), AP These items are taken from the financiel statements of Martin Corporation for 20021 $1p00 2000 Retained earnings (beginning of year) Utilities expense Equipment ts payahle 6000 10,100 300 22800 12000 3,100 5,700 2000 68,000 3.500 18004 3,600 1100 1/3 and wages payable n stock Dividends Supplies Debt investment (long-term) Trademarks Service revenue Prepaid insurance Maintenance and repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment 2.300 37,000 17600 Instructions Prepare an income statement, a retained earnings statement, and a classified balance sheet as of Decem- ber 31, 2022 P2.3A VLO 1), AP You are provided with the following information for Lazuris Enterprises, effective as fits April 30, 2022, year-end. s 834 Accounts payable Accounts recehvable s10 670 Accumulated depreclation-equipment Cash Common stock 1,270 16900 Cost of goods sold Depreciation expense Dividends 1,060 335 325 2420 Equipment Goodwill Income tax expense Income taxes payable 1,800 165 135 210 Insurance expense Interest expense Inventory Investment in land Land 400 967 14,200 3.100 Mortpage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue 3,500 61 60 1600 700 222 5300 1300 Stock investments (short-term) Instructions a. Prepare an income statement and a retained earnings statement for Lazuris Enterprises for the vear ended April 30, 2022 b. Prepare a classified balance sheet for Lazaris Enterprises as of April 30, 2022
