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Problem 4,On September 1, 2011, Global Dugan Services was started with $50,000 invested by the owners as contributed capital. On September 30 the accounting records
Problem 4,On September 1, 2011, Global Dugan Services was started with $50,000 invested by the owners as contributed capital. On September 30 the accounting records contained the following amounts Accounts Payable Accounts Receivable Cash Contributed Capital Consulting Revenue Dividends Declared Office Equipment $100 $3,900 $25,100 $50,000 $8,400 $2,100 $24,000 Office Supplies $500 Rent Expense Salary Expense Supplies Expense $100 Telephone Expense $500 $1,300 $1,000 Prepare an income statement in GOOD FORM for September, the first month of operations. Ignore any income taxes
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