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please check photos and answer them ( Accrual Basis ) fx a. b. d ABC Co. had the following transactions during January 2020 Individual deposited

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fx a. b. d ABC Co. had the following transactions during January 2020 Individual deposited $50,000 into ABC Co.'s bank account in exchange for stock ABC Co. received a loan from the Bank of UI for $500,000 ABC Co. purchased a building for $500,000 ABC Co provides services of $50,000 to customers on accou on 1/1 ABC Co. purchased a 6 month insurance policy for $12,000 ABC Co. provided services to customers for $10,000 on account ABC Co. received cash of $20,000 for services not yet provided during the month, ABC Co. paid expenses of $5,000 ABC Co. paid dividends of $5,000 ABC Co. received $10,000 for services previously provided in transaction (1) e. f. 11 B h i. j Adjustments ACCRUAL ONLY al. it's the end of the month, make the appropriate adjustments to any prepaids previously recorded a2. Services from transaction (e) have now been provided 23. ABC Co. made a loan payment to the Bank of IW for $10,000 in HA Transactions.Accrual Income St + fx 4 D E F G H 1 O AWN ABC Co. Income Statement For the Period Ending Jan 31, 2020 5 6 7 8 Revenue Fees Earned (Sales) Rental Income Total Revenue 9 10 11 12 13 14 15 Expenses Misc Expense Rent Expense Supplies Expense Interest Expense Utilities Expense Wages Expense 16 17 18 19 20 Total Expenses 21 22 Net Income(Loss) 23 24 25 26 27 28 29 30 31 32 fx 4 B D E F G H 1 1 2 3 4 ABC Co. Statement of Retained Earnings For Period Ending Jan 31, 2020 Retained Earnings Jan. 1, 2019 Add: Net Income Less: Dividends Increase in Retained Earnings Retained Earnings Jan 31, 2019 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 49 crual Retained Earnings.... 00 + fx s a G H ABC Co. Balance Sheet As of Jan 31, 2020 2 3 4 5 6 7 8 9 10 11 12 Assets Cash Accounts Receivable Note Receivable Prepaid Insurance Office Equipment Supplies Land Total Assets Liabilities Accounts Payable Unearned Revenue Note Payable 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Total Liablities Owner's Equity Capital Stock Retained Earnings Total Owner's Equity Total Liabilities & Owner's Equity HH ained Earnings.A... Balance Sheet.A +

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