prepare a statement of retained earnings for the current month, prepare a balance sheet as the end of the month, and prepare a statement of cash flows for the current month.

Accounting equation mode Assets Office + Equipment Supplies Event Liabilities Accounts Payable Cash Explanantion for Retained Earnings + + Equity Common Stock + $ 69,400 + + Retained Earnings Accounts Receivable 69,400+ - 1,100+ -6,100+ - 1,000+ 1,700 + - 1,100 Rent expense $ 14,300 $ 8,200 1,000 $ 1,700 Service revenue + + $ 2,580 $ 2,580 $ 6,400 $ 6,400 Service revenue Dec. 1 $ Dec.2 S Dec.3 $ Dec.5 $ Dec.6 $ Dec. 8 Dec. 15 Dec. 18 Dec. 20 S Dec. 24 Dec. 28 $ Dec. 29 $ Dec. 30 $ Dec. 31 $ Bal. $ 450 $ $ 450 -2,580 800 Service revenue 800 -6,400 + -2,580+ + S 6,400 + $ - 1,600+ -560+ -980 + 63,580 + $ + S +$ 69,400 + $ - 1,600 Salary expense -560 Utility expense -980 Dividend 4,660 800 $ 1,450 $ 16,880 = $ 8,650 $ Total assets balance Total liabilities and equity balance (63580+800+1450+16880) (8650+69400+4660) $ $ 82,710 82,710 Hence, the accounting equation is satisfied