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the picture that Listed below is the question for accounting cycle General ledger case 4. Prepare an income statement for the period ended January 31,

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the picture that Listed below is the question for accounting cycle General ledger case

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4. Prepare an income statement for the period ended January 31, Year 1. Income Statement For the year ended January 31, Year 1 Revenues: Expenses Total Expenses 0Required information On January 1, Year 1, the general ledger of a company includes the following account balances: Accounts Debit Cash Credit $24, 000 Accounts Receivable 5,400 Supplies 3 , 300 Land 52,000 Accounts Payable $ 3, 400 Common Stock 67, 080 Retained Earnings 14, 300 Totals $84, 700 $84, 700 During Year 1, the following transactions occur: January 2 Purchase rental space for one year in advance, $6,600 ($550/month). January 9 Purchase additional supplies on account, $3,700. January 13 Provide services to customers on account, $25,700. January 17 Receive cash in advance from customers for services to be provided in the future, $3 , 900. January 20 Pay cash for salaries, $11, 700. January 22 Receive cash on accounts receivable, $24,300. January 29 Pay cash on accounts payable, $4,200

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