Tom Tomlin HandoutIt is time to prepare Financial statements!! Tom Tomlin is a lawyer who runs a law practice, operating consulting and advice on legal matters. The company is called "Tomlin Law Inc." and was formed as a corporation. Below are accounts $($in alphabetical order$)$ for Tomlin Law Inc. for the month of August $2025.$ REQUIRED: Prepare all $3$ financial statements for the MONTH of August $2025($use proper form$).$$\backslash$table$[[$ACCOUNT$,$BALANCE$],[$Accounts Payable,$2,300,],[$Accounts Receivable,$24,000,],[$Cash$,59,400,],[$Common Stock,$9,000,],[$Consulting Revenue,$60,000,],[$Dividends$,48,000,],[$Land$,6,000,],[$Marketing Expense,$3,800,],[$Miscellaneous Revenue,$2,950,],[$Notes Payable,$6,675,],[$Office Supplies,$5,025,],[$Retained Earnings at $07/31/25,67,850,],[$Supplies Expense,$3,200,]]$

 

Tom Tomlin Handout It is time to prepare Financial statements!! Tom Tomlin is a lawyer who runs a law practice, operating consulting and advice on legal matters. The company is called "Tomlin Law Inc." and was formed as a corporation. Below are accounts (in alphabetical order) for Tomlin Law Inc. for the month of August 2025. REQUIRED: Prepare all 3 financial statements for the MONTH of August 2025 (use proper form). ACCOUNT Accounts Payable BALANCE 2,300 Accounts Receivable 24,000 Cash 59,400 Common Stock 9,000 Consulting Revenue- 60,000 Dividends 48,000 Land 6,000 Marketing Expense 3.800 Miscellaneous Revenue 2,950 Notes Payable 6,675 Office Supplies 5,025 Retained Earnings at 07/31/25 67,850 Supplies Expense 3,200 650