prepare income statement of july 31 statement of retained earnings and classified balance sheet

An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. Assets = Liabilities + Stockholders' Equity Accounts Cash Receivable Supplies Equipment +16,500 Accounts Payable Contributed Capital +16,500 +890 Retained Earnings 0 -890 Utilities Expense +6,300 Service Revenue +6,300 pok -7,200 +2, 450 +13,800 +6,600 da03096236 +945 +2,450 Service Revenue 3 +945 -4,950 ences -4,950 -3,940 -880 +1,890 -3,940 Wages Expense -880 Rent Expense -1,890 3,870 4,410 945 13,800 3,485 16,500 3,040 Required: 1. This part of the question is not part of your Connect assignment. 2-a. Prepare an income statement as of July 31. NEPCO Income Statement For the Month Ended July 31 Revenues Total revenues 0 Expenses