. . The following are the account balances from the Adjusted Trial Balance of SGA Incorporated as of Jan 31, 2010. Use the account balances and Prepare 1. INCOME STATEMENT for the month of January 2- The STATEMENT of RETAINED EARNINGS as of January 31 3- BALANCE SHEET as of January 31. Cash 60,000 Rent Expense 5,000 Equipment 30,000 Supplies Expense 9,000 Accumulated Depreciation :Equip. 5,000 Salaries Expense 4,000 Unearned Fees 6,000 Utilities Expense 5,000 Interest Receivable 1,000 Retained Earnings, Jan 1 14,000 Supplies 13,000 Insurance Expense 1,000 Accounts Receivable 10,000 Advertising expense 3,000 Unexpired Insurance 3,000 Depreciation expense 1, 000 Capital Stock 47,000 Prepaid Rent 60, 000 Dividends 7,000 Fees Earned 130, 000 Accounts Payable 10,000 INCOME STATEMENT for the month of January 2- The STATEMENT of RETAINED EARNINGS as of January 31 3- BALANCE SHEET as of January 31. Cash 60,000 Rent Expense 5,000 Equipment 30,000 Supplies Expense 9,000 Accumulated Depreciation :Equip. 5,000 Salaries Expense 4,000 Unearned Fees 6,000 Utilities Expense 5,000 Interest Receivable 1,000 Retained Earnings, Jan 1 14,000 Supplies 13,000 Insurance Expense 1,000 Accounts Receivable 10,000 Advertising expense 3,000 Unexpired Insurance 3,000 Depreciation expense 1, 000 Capital Stock 47,000 Prepaid Rent 60, 000 Dividends 7,000 Fees Earned 130, 000 Accounts Payable 10,000
. The following are the account balances from the Adjusted Trial Balance of SGA Incorporated as of Jan 31, 2010.
Use the account balances and Prepare
1. INCOME STATEMENT for the month of January
2- The STATEMENT of RETAINED EARNINGS as of January 31
3- BALANCE SHEET as of January 31.
Cash
60,000
Rent Expense
5,000
Equipment
30,000
Supplies Expense
9,000
Accumulated Depreciation :Equip.
5,000
Salaries Expense
4,000
Unearned Fees
6,000
Utilities Expense
5,000
Interest Receivable
1,000
Retained Earnings, Jan 1
14,000
Supplies
13,000
Insurance Expense
1,000
Accounts Receivable
10,000
Advertising expense
3,000
Unexpired Insurance
3,000
Depreciation expense
1, 000
Capital Stock
47,000
Prepaid Rent
60, 000
Dividends
7,000
Fees Earned
130, 000
Accounts Payable
10,000
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
