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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. Accounts payable $4,200 Supplies $ 2,630 Interest expense 480 Equipment (net] Salaries and wages expense SUPP & expense 48,000 Depreciation expense 2,800 Service revenus 21,700 Salaries and wages payable 4,050 Common stock 1.200 Interest payable 2,900 310 19.000 420 10,100 Bonds payable Unearned service revenue Accounts receivable Cash Using the information, answer the following questions. (ai) Prepare an income statement for the month of October 2022 TEAL MOUNTAIN INC. Income Statement
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