Use the following accounts and information to prepare, in good form, an income statement, a retained earnings statement, and a balance sheet for Pierce Industries for the month ended August 31, 2012.

Transcribed Image Text:

Accounts payable Accounts receivable Dividends Insurance expense Supplies Notes payable $.1.100 5,400 $3,000 1,200 1,400 3,300 3,400 10,000 63,000 Buildings Cash Service revenue Common stock Retained earnings (beginning) 20,600 Rent expense Salaries expense 25,700 52,000 25,900