Transactions; Financial Statements

On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:

1. Opened a business bank account with a deposit of $29,000 in exchange for common stock.
2. Purchased supplies on account, $2,930.
3. Paid creditor on account, $1,860.
4. Earned sales commissions, receiving cash, $29,930.
5. Paid rent on office and equipment for the month, $5,870.
6. Paid dividends, $9,000.
7. Paid automobile expenses for month, $2,810, and miscellaneous expenses, $1,350.
8. Paid office salaries, $3,530.
9. Determined that the cost of supplies on hand was $990; therefore, the cost of supplies used was $1,940.

10. 2. Prepare an income statement for April.

    Custom Realty Income Statement For the Month Ended April 30, 20Y8

    Common stockCashSales commissionsSuppliesSupplies expense		$- Select -
    Expenses:
    Common stockCashSalaries expenseSales commissionsSupplies	$- Select -
    Accounts payableCashDividendsRent expenseRetained earnings	- Select -
    Accounts payableAutomobile expenseCashDividendsSupplies	- Select -
    AssetsRetained earningsSales commissionsSuppliesSupplies expense	- Select -
    CashMiscellaneous expenseCommon stockDividendsSupplies	- Select -
    Total expenses		fill in the blank e13d76f40fff037_13
    Net incomeNet loss		$- Select -

    Prepare a statement of stockholders equity for April. If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.

    Custom Realty Statement of Stockholders Equity For the Month Ended April 30, 20Y8

    	Common Stock	Retained Earnings	Total
    Balances, April 1, 20Y8Balances, April 30, 20Y8CashDividendsSales commissions	$- Select -	$- Select -	$- Select -
    Issued common stockCashNet incomeNet lossSupplies expense	- Select -	- Select -	- Select -
    Accounts payableCashNet incomeNet lossSupplies	- Select -	- Select -	- Select -
    Common stockCashDividendsRent expenseSalaries expense	- Select -	- Select -	- Select -
    Accounts payableBalances, April 1, 20Y8Balances, April 30, 20Y8Common stockDividends	- Select -	- Select -	- Select -

    Prepare a balance sheet as of April 30.

    Custom Realty Balance Sheet April 30, 20Y8

    Assets
    Accounts payableCommon stockCashSales commissionsRetained earnings		$- Select -
    Accounts payableCommon stockDividendsRetained earningsSupplies		- Select -
    Total assets		$fill in the blank 3c042c01504efaf_5
    Liabilities
    Accounts payableAccounts receivableCommon stockSales commissionsRetained earnings		$- Select -
    Stockholders' Equity
    Accounts payableAccounts receivableCommon stockCashDividendsSupplies	$- Select -
    Accounts payableAccounts receivableCashSales commissionsRetained earningsSupplies	- Select -
    Total stockholders' equity		fill in the blank 3c042c01504efaf_12
    Total liabilities and stockholders' equity		$fill in the blank 3c042c01504efaf_13