prepare a retained earnings statement for July prepare a classified balance sheet at July 31

Current Attempt in Progress At June 30, 2022, the end of its most recent fiscal year, Whispering Winds Computer Consultants post-closing trial balance was as follows: Debit Credit Cash $5,740 Accounts receivable 1,320 Supplies 720 Accounts payable $400 Unearned service revenue 1.140 Common stock 3,780 Retained earnings 2.460 $7.780 57.780 The company underwent a major expansion in July. New staff was hired and more financing was obtained Whispering Winds conducted the following transactions during July 2022 and adjusts its accounts monthly July 1 Purchased equipment paying $4.000 cash and signing a 2 year note payable for $20,000. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month 2 Issued 18,000 shares of common stock for $45.000 cash 3 Paid $3,600 cash for a 12-month insurance policy effective July 1. Paid the first 2 Duly and August 202 21 months rent for an annual lease of the space for 53.700 per month 3 6 Paid $3.400 for supplies C Question 1 of 1 -/15 6 Paid $3,400 for supplies. 9 10 13 Visited client offices and agreed on the terms of a consulting project. Whispering Winds will bill the client, Connor Productions, on the 20th of each month for services performed. Collected $1,320 cash on account from Milani Brothers. This client was billed in June when Whispering Winds performed the service, Performed services for Fitzgerald Enterprises. This client paid $1.140 in advance last month. All services relating to this payment are now completed, Paid $400 cash for a utility bill. This related to June utilities that were accrued at the end of June. Met with a new client. Thunder Bay Technologies. Received $10,800 cash in advance for future services to be performed 14 16 Paid semi-monthly salaries for $11.900. 9 & & 20 Performed services worth $28.100 on account and billed customers, 20 23 Received a bill for $2.200 for advertising Services received during July. The amount is not due until August 15. Performed the first phase of the project for Thunder Bay Technologies. Recognized 59.800 of revenue from the cash advance received July 16. 27 Received $15,300 cash from customers billed on July 20. The chart of accounts for Whispering Winds Computer Consultants contains the following accounts: Cash Accounts Receivable, Supplies, Prepaid Insurance. Prepaid Rent, Equipment. Accumulated Depreciation Equipment, Accounts Payable Notes Payable. Interest Payable, Income Taxes Payable. Salaries and Wages Payable. Unearned Service Revenue, Common Stock Retained Earnings, Income Summary. Service Revenue, Supplies Expense. Depreciation Expense. Insurance Expense. Salaries and Wages Expense. Advertising Expense, Income Tax Expense. Interest Expense, Rent Expense, and Utilities Expense. (a) (g2). Prepare a retained earning statement for July. WHISPERING WINDS COMPUTER CONSULTANTS Retained Earnings Statement $ e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit Answer (g3) Question 1 of 1 +/1 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) WHISPERING WINDS COMPUTER CONSULTANTS Balance Sheet Assets $ v $ Liabilities and Stockholders' Equity O e 2 Question 1 of 1 > -/1 Liabilities and Stockholders' Equity $ A A o ET . Question 1 of 1 -/1 eTextbook and Media List of Accounts Attempts of used SA Savetor bu O 3