Requirement #7: Prepare the financial statements for Parkview Landscaping Corporation as of July 31 in the space below. You will only be preparing the Income Statement, Statement of Retained Earnings and the Balance Sheet. The numbers in red are the right amounts I need help on this.

https://rapidshare.com/files/120690852/The_Complete_Accounting_Cycle_in_progress.xlsx Parkview Landscaping Corporation Income Statement For the Month Ending July 31 Revenues: Landscaping Revenue $5,344 Expenses: Rent Expense 2,080 Utility Expense 308 Insurance Expense 200 Supplies Expense Depreciation Expense Income Taxes Expense Total Expenses 2,756 Net Income $2,144

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Parkview Landscaping Corporation

Statement of Retained Earnings

For the Month Ending July 31

Retained Earnings,

July 1 Add:

Net Income 2,144

Subtotal

Less: Dividends 1,600

Retained Earnings, July 31 $544

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Parkview Landscaping Corporation

Balance Sheet July 31

Assets: Cash $24,000

Prepaid Insurance 2,400

Landscaping Supplies 780

Landscaping Equipment 8,800

Less: Accum. Depr. 1,600

Total Assets

Liabilities:

Accounts Payable 7,600

Income Taxes Payable 0

Total Liabilities 7,600

Stockholders' Equity:

Common Stock 1,600

Retained Earnings 544 T

otal Stockholders' Equity 2,144

Total Liabilities & 32,604

Stockholders' Equity You can use this info to verified the amiunts:

Description(Account Name) Debit Credit Cash 24,000 Common Stock $24,000 prepaid insurance 2,400 cash $2,400 rent expense $2,080 cash $2,080 lanscaping equipment $8,800 cash $1,200 Accounts payable $7,600 Landscaping Supplies $780 Accounts payable $780 Utility Expense $308 cash $308 cash $2,724 Landscaping Revenue Accounts payable $400 cash $400 cash $2,620 Landscaping Revenue $2,620 Retained Earnings 1,600 cash 1,600

https://rapidshare.com/files/120690852/The_Complete_Accounting_Cycle_in_progress.xlsx