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Requirement #7: Prepare the financial statements for True Consulting Corporation as of July 31 in the space below. You will only be preparing the income
Requirement \#7: Prepare the financial statements for True Consulting 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 statement of cash flows is a required financial statement, but is not required for this case study. True Consulting Corporation True Consulting Corporation True Consulting Corporation Income Statement Statement of Retained Earnings Balance Sheet For the Month Ending July 31 For the Month Ending July 31 July 31 1 Revenues: Retained Earnings, July 1 Assets: 2 Service Revenue Add: Net Income Cash Subtotal Accounts Receivable 4 Expenses: Supplies 5 Rent Expense Prepaid Rent 6 Wages Expense Equipment 7 Repairs \& Maintenance Expense Less: Accum. Depr. 8 Supplies Expense Total Assets 9 Depreciation Expense 0 Income Tax Expense Liabilities: Accounts Payable Income Tax Payable Total Liabilities Stockholders' Equity: Activate Windows D...| Journal E
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