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Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1 , 2021. On July 31, 2021, the company's records
Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1 , 2021. On July 31, 2021, the company's records show the following selected accounts and amounts for the month of July. INSTRUCTIONS: 2. Prepare a July income statement for the business in one worksheet. 3. On a separate worksheet, prepare a July statement of retained earnings. The Retained Earnings account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2 in exchange for common stock. 4. On a separate worksheet, prepare a July 31 balance sheet. 5. Create a chart in a new worksheet that includes each account in the balance sheet. Insert titles, legends, etc. You can choose the type of chart. Notes: 1. Use the retained earnings account balance calculated in number 3 above. 2. Use proper formatting on creating your worksheets: dollar signs, lines and double lines, tities, etc. 3. Label each worksheet accordingly
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