Assume the Earl Coffee Roasters Corp. ended the month of August 2022 with these data: (Click...

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Assume the Earl Coffee Roasters Corp. ended the month of August 2022 with these data: (Click the icon to view the financial data.) Read the requirement. Prepare the income statement. Start with the heading and then complete the rest of the statement. (If an input field is not used in the income statement leave the field empty, do not select a label or enter a zero.) Data table Payments of cash: Acquisition of equipment Dividends Retained earnings August 1, 2022 Retained earnings August 31, 2022 Utilities expense Adjustments to reconcile net income to nat cash provided by oneratione $ 207,200 Cash balance, August 1, 2022 2,000 Cash balance, August 31, 2022 Cash receipts: Issuance (sale) of stock to owners Rent expense Common stock Equipment 0 ? 5,700 Office supplies 1.000 Accounte navahla Print Done 0 5,800 26,400 1,400 26,400 207,200 7,300 8 300 X ible possib he field era Acquisition of equipment Dividends Retained earnings August 1, 2022 Retained earnings August 31, 2022 Utilities expense Adjustments to reconcile net income to net cash provided by operations Salary expense $ 207,200 Cash balance, August 1, 2022 Cash balance, August 31, 2022 2,000 Cash receipts: Issuance (sale) of stock to owners Rent expense Common stock 0 ? 5,700 Equipment Office supplies 1,000 Accounts payable 78,800 Service revenue Print Done a 5,800 26,400 1,400 26,400 207,200 7,300 8,300 273,500 Requirement 1. Prepare the income statement and the statement of retained earnings for Earl Coffee Roasters Corp., for the month ended August 31, 2022. Print Done - X - ter Assume the Earl Coffee Roasters Corp. ended the month of August 2022 with these data: (Click the icon to view the financial data.) Read the requirement. Prepare the income statement. Start with the heading and then complete the rest of the statement. (If an input field is not used in the income statement leave the field empty, do not select a label or enter a zero.) Data table Payments of cash: Acquisition of equipment Dividends Retained earnings August 1, 2022 Retained earnings August 31, 2022 Utilities expense Adjustments to reconcile net income to nat cash provided by oneratione $ 207,200 Cash balance, August 1, 2022 2,000 Cash balance, August 31, 2022 Cash receipts: Issuance (sale) of stock to owners Rent expense Common stock Equipment 0 ? 5,700 Office supplies 1.000 Accounte navahla Print Done 0 5,800 26,400 1,400 26,400 207,200 7,300 8 300 X ible possib he field era Acquisition of equipment Dividends Retained earnings August 1, 2022 Retained earnings August 31, 2022 Utilities expense Adjustments to reconcile net income to net cash provided by operations Salary expense $ 207,200 Cash balance, August 1, 2022 Cash balance, August 31, 2022 2,000 Cash receipts: Issuance (sale) of stock to owners Rent expense Common stock 0 ? 5,700 Equipment Office supplies 1,000 Accounts payable 78,800 Service revenue Print Done a 5,800 26,400 1,400 26,400 207,200 7,300 8,300 273,500 Requirement 1. Prepare the income statement and the statement of retained earnings for Earl Coffee Roasters Corp., for the month ended August 31, 2022. Print Done - X - ter

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Earl Coffee Roasters Corp Income Statement For the Month ending August 31 2022 Reve... View the full answer