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Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided
Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. Accounts payable $3,600 Supplies $ 2,480 Interest expense 440 Supplies expense 370 Equipment (net) 50,000 Depreciation expense 340 Salaries and wages expense 2,600 Service revenue 19,990 Bonds payable 22,700 Salaries and wages payable 540 Unearned service revenue 10,600 4,090 Common stock 1,350 Interest payable 4,100 Accounts receivable Cash 160 Using the information, answer the following questions. Prepare a retained earnings statement for the month of October 2022. SKYSONG INC. Retained Earnings Statement $ $
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