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please solve. the last photo shows i tried doing it. the green is correct. whatevere has red is wrong Prepare an income statement for August.
please solve. the last photo shows i tried doing it. the green is correct. whatevere has red is wrong Prepare an income statement for August. Ruth Lewis opened a law office on July 1, 2022, On July 31, the balance sheet showed Cash $5,000, Accounts Receivable $1,700. Supplies $500. Equipment $5,700, Accounts Payable $3,600, and Owner's Capital $9,300. During August, the following transactions occurred: 1. Collected $1,400 of accounts receivable. 2. Paid $2,800 cashon accounts payable. 3. Recognized revenue of $7,700 of which $2,500 is collected in cash and the balance is due in September: 4. Purchased additional equipment for $2,100, paying $500 in cash and the balance on account. 5. Paid salaries $1.700, rent for August $1,100, and advertising expenses $350. 6. Withdrew $700 in cash for personal use. 7. Received $1,600 from Standard Federal Bank-money borrowed on a note payable. 8. Incurred utility expenses for month on account $180. eTextbook and Media Assets eTextbook and Media Te Owner's Equity i $ i. $ i i i i i i i 7700 i 7700 i 700 i i i i i 180 700 $ 7700 $ 180 Assistance Used RUTHLEWIS, ATTORNEY AT LAW Income Statement August 31, 2022 Revenues Revenue earned Expenses Expense Incurred \$ -3150 Expense Incurred 180 Total Expenses Net Income / (Loss) eTextbook and Media
please solve. the last photo shows i tried doing it. the green is correct. whatevere has red is wrong
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