Statements Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Shed Instructions Seth Feye established Reliance Financial Services on July 1.2042 Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction Assets Liabilities + Stockholders' Equity Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc Cash +Receivable + Supplies - Payable + Stock Dividends Earned - Expense Expense - Expense Expense - Expense a 453,000 +53,000 b. +6,000 +0,000 Bal 53,000 6,000 0.000 53,000 -3,500 Bal. 49,500 d. 108,000 3.500 2,500 6,000 53,000 +108,000 Bal 157,500 5.000 2,500 53,000 108.000 6.000 2.500 53,000 -33.400 -33.400 108,000 e-33,400 Bal 124 100 1-21,100 Bal 103.000 g -80,000 5,000 2,500 53,000 108.000 -15,200 -15.200 -5.000 -3.900 33.400 -80,000 Bal 44,000 6.000 2.500 53.000 108.000 -59.000 33.400 -15,200 -5.900 1900 3.000 eck My Work Financial statements Income Statement Statement of Stockholders' Equity Balance Sheet stubone Accounts, Labels and Amount Descriptions Instructions b. +6,000 +5,000 0,000 6,000 53,000 Bal 53,000 C -3,500 3,500 Bal 49,500 6.000 2.500 53 000 +108.000 d. 108.000 8,000 2 500 53,000 Bal, 157,500 108.000 -33.400 e -33,400 33.400 108.000 8.000 2,500 53,000 Bal. 124 100 21.100 -15.200 -5.900 33.400 - 15.200 -5.900 6,000 108.000 2,500 53.000 -50.000 Bal 103.000 9 -59,000 Bal. 44,000 -5.900 -39,000 108,000 -33.400 -15,200 2.500 53,000 8.000 3,900 h -3.900 -3.900 -5.000 -15.200 -50,000 2.500 -33.400 Bal 44.000 2.100 53.000 108.000 +50,100 50.100 -15.200 -5.900 3,000 -59.000 33.400 158.100 53,000 50,100 Bal 44.000 2.100 2.500 -12,500 -12,500 - 15200 -5.900 33.400 -3.000 158,100 -50.000 53,000 50,100 2.100 2500 -12 500 Bal, 31,500 Required Check My Work 1. Prepare an income statement for the month ended July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount loss, enter that amount as a negative number using a minus sign. You will not need to enter colons() on the income sta Reliance Financial Services Income Statement (Label) 1 2 (Label) 13 4 5 6 2 E 9 A Check My Work Financial statements Income Statement Statement of Stockholders' E Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity for the month ended July 31, 20Y2. Refer to the lists of Accounts, Labels and Amount Description a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount is zero, enter "O" Reliance Financial Services Statement of Stockholders' Equity (Label) Common Stock Retained Earnings Total 3 6 Check My Work Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Reliance Financial Services A... A... Balance Sheet (Label) 1 Assets 2 3 6 5 6 Labilities 7 3 Stockholders' Equity 9 10 11 Check My Work Income Statement Statement of Stockholc Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Statement of Cash Flows Reliance Financial Services Statement of Cash Flows (Label) 1 (Label) 2 $ 4 5 Label) 6 (Label) 7 3 9 10 ** 12 Check My Work Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet instructions Assets =Liabilities Stockholders' Equity Accounts Accounts Common Fees Salaries Rent Auto Supplies Misc Cash Receivable Supplies - Payable + Stock Dividends +Earned - Expense Expense Expense - Expense - Expense +53,000 -53.000 5 -6,000 Bat. 53,000 6,000 +8,000 8,000 3,500 53.000 O. -3,500 8,000 2,500 53,000 Bal 49,500 de +108.000 +105.000 Bal 157.500 6,000 2.500 53.000 108 000 e -33.400 33.400 5.000 2.500 53,000 108,000 -33.400 Bal 124 100 -21.00 Bal 103.000 9 -59.000 Bal.44.000 -15.200 -15.200 -5.900 5.000 8,000 2.500 33.000 108000 33.400 -80.000 0.000 2.500 53000 108.000 -39.000 33.400 15.200 -8.900 3 000 3.000 3.000 Ba|44000 2.500 32 000 100.000 -50.000 13.400 -15200 -5.000 Check My Work Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Instructions D. +5,000 +6,000 Ball 53,000 8,000 0,000 53,000 -3,500 -3,500 Bal 49,500 8,000 2,500 53,000 d. 108.000 +108,000 Bal. 157,500 8,000 2.500 53.000 108,000 e 133.400 -33.400 Bal 124,100 6.000 2,500 53.000 108,000 -33.400 21.100 -15.200 -5,000 Ba|103,000 0,000 2,500 53,000 108.000 133,400 -15.200 -5.900 ch -59,000 -59.000 Bal 44,000 6.000 2,500 63.000 108.000 -59.000 -33.400 -15,200 -5,900 th 13.900 3.900 Bal 44000 2.100 2,500 53.000 -80,000 -33.400 -15.200 3.900 -5.900 108.000 -50,100 +50,100 Bal 44.000 50 100 2.100 2,500 53000 158.100 -59.000 -33.400 15200 13.000 -5.900 -12.500 12.500 Ball 34 500 80,100 2.100 2,500 50.000 12,500 158 100 39.000 -33.400 15 200 3.000 5,900 Required 1 Precare au comment for the month ended 31 2072. Refer to the list of Accounts Label and Amount Descricoon for the exact Check My Work All work saved