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please this needs to be answered asap Financial Position Transactions During June 2020 , the business completed these transactions: a. Received cash of $5,000 and
please this needs to be answered asap
Financial Position Transactions During June 2020 , the business completed these transactions: a. Received cash of $5,000 and issued common shares. b. Performed services for a client and received cash of $7,600. c. Paid $4,000 on accounts payable. d. Purchased supplies on account, $1,500. e. Collected cash from a customer on account, $1,000. f. Consulted on the design of a business report, and billed the client for services rendered, $2,500. g. Recorded the following business expenses for the month: paid office rent, $900; paid advertising, $300 h. Declared and paid a cash dividend of $2,000. 1. Prepare the income statement of Blythe Spirit Consulting, Inc. for the month ended June 30,2020 . List expenses in decreasing order by amount. 2. Prepare the entity's statement of retained earnings for the month ended June 30,2020. 3. Prepare the balance sheet of Blythe Spirit Consulting, Inc at June 30,2020 Step by Step Solution
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