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The T account balances for the accounts of Rya’s Planning Services as of January 31, 2019...

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Accounting

The T account balances for the accounts of Rya’s PlanningServices as of January 31, 2019 are listed below.

Cash$22,000
Accounts Receivable18,000
Office Supplies800
Equipment20,000
Accounts Payable9,880
Rya Page, Capital29,000
Rya Page, Drawing6,100
Planning Fees Income34,150
Office Supplies Expense310
Rent Expense910
Salaries Expense4,100
Utilities Expense810
  1. Prepare an income statement for the Rya’s Planning Services forthe month ended January 31, 2019.
  2. Prepare a statement of owner’s equity for Rya’s PlanningServices for the month ended January 31, 2019.
  3. Prepare a balance sheet for Rya’s Planning Services as ofJanuary 31, 2019.

Answer & Explanation Solved by verified expert
3.8 Ratings (728 Votes)
1 Ryas Planning Services Income statement For the month ended January 31 2019 Revenue Planning fees income 34150 Expenses Office Supplies expense 310 Rent expense 910 Salaries    See Answer
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