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stepan [7]
3 years ago
5

Required information

Business
1 answer:
tiny-mole [99]3 years ago
8 0

Answer:

                                    Income Statement

Consulting fee earned                      $27,130

Total Revenue                                                      $27,130

<u>Expenses</u>

Rent expenses                                   $9,690

Salaries expense                                $5,710

Telephone expenses                         $1,010

Miscellaneous Expenses                   <u>$620</u>

Total Expenses                                                     <u>$17,030</u>

Net Income                                                            <u>$10,100</u>

                        Retained Earning Statement

For the Month Ended August 31

Retained earning August 1          -

Net Income                              <u>$10,100</u>

                                                 $10,100

Dividend                                   <u>$6,130</u>

Retained earning August 31 <u>$3,970</u>

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