1. Prepare an income statement for the month ended July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If there is a net loss, enter that amount as a negative number using a minus sign. You will not need to enter colons (:) on the income statement.
2. Prepare a statement of stockholders' equity for the month ended July 31, 202. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount is zero, enter "O".
3. Prepare a balance sheet as of July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.
4. Prepare a statement of cash flows for the month ending July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. You will not need to enter colons () on the financial statements. If an amount is zero, enter "O".

Th Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services oflers financial planning advice to its clients. The effect of th transaction and the balances atter each transaction for July follow: Required: 1. Prepare an income stitement for the month ended duly 31, 20y2. Refor to the lists of Accounts. Labels and Amount Descriptions for the exact wording of the answer choices for fext entries. Be sure to complete the statement heading. If there is a net foss, enter that amount as a negative number using a minus sign. You will not need to entor colons t: on the income statement. 2. Prepare a statement of stockholders' equity for the month ended July 31, 20V2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact warding of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. I an amount is zero, enter v. 3. Prepare a balance sheef as of July 31, 20Y2. Reter to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries, Be sure to complete the statement heading. 4. Prepare a statement of cash flows for the month ending July 31, 20r2. Fieter to the ists of Accounts. Labels and Amount Descriptions far the exact wording of the answer choices for text entries. Be sure to compiete the statement heading. Use the minus sign to indicate cash outllows, cash payments and decreases in cash. You will not need to enter colons ( ) on the financial statements, if an amount is zera, enter "O: 1. Prepare an income statement for the month ended July 31, 20Y2. Refer to the lists of Accounts, Labeis and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure fo complete the statement heading. If there is a net ioss, enter that amount as a negative number using a minus sign. You will not need to enter colons (:) on the income statement. 2. Prepare a statement of stockholders'equity for the month ended July 31, 20Y2. Aefer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. I a net loss is incurred or dividends were paid, enter tha amount as a negative number using a minus sign. If an amount is zero, enter "O". 3. Prepare a balance sheet as of July 31,20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. 4. Prepare a for the month ending July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries, Be sure to complete the statement heading. Use the minus sign to indicate cash outflows, cash payments and decreases in cash. You will not need to enter colons (%) on the financial statements. If an amount is zero, enter " 0