how would i prepare an income statement for this with a statement of retained earings...
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how would i prepare an income statement for this with a statement of retained earings for july 31 2017
An analysis of transactions made during July 2017 by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained stockholders' Equity Accounts Accounts Contributed Cash Receivable Supplies toulent Payable Capital Retained Earnings +11,000 -11,000 (b +710 -710 Utilities Expense +5,000 +5,000 Service Revenue -6,000 +10,000 14,000 (0) +1,000 +1,000 Service Revenue +550 +550 (8) -3.000 -3, eee (h) -2,000 -2,000 wages Expense (1) -750 -750 Rent Expense (3) +1, see - 1,500 e (d) 1,750 3,5ee sse 1e, eee 2,260 11,000 2,548
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