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Teal Mountain Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company
Teal Mountain 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 $3,100 $ 2,560 360 Supplies Supplies expense Depreciation expense 510 48.000 270 3,100 20,130 Accounts payable Interest expense Equipment (net) Salaries and wages expense Bonds payable Unearned service revenue Accounts receivable Cash Service revenue Salaries and wages payable 21,700 570 4,070 Common stock 10.600 1,400 Interest payable 130 4,100 Using the information, answer the following questions. TEAL MOUNTAIN INC. Income Statement For the Year Ended October 31, 2022 For the Month Ended October 31, 2022 October 31, 2022 $
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