The following is a tabular analysis of transactions in the month of September for the Fresh Company:

Required
a. Provide a probable explanation for each individual event.
b. Recreate the appropriate journal entries.
c. Prepare an income statement for the month of September.
d. Prepare a statement of retained earnings for the month of September. Assume beginning Retained Earnings is $1,000.

Transcribed Image Text:

Stockholders' Additional Accounts Receivable Supplies+EquipmentPayable Equity Accounts Cash Information 1. 2,000 +7,000 +9,000 Service Revenue +1,000 +1,000 -500 -500 4. -1,500 5. 750 6. +10,000 7. +5,000 8. 2,000 1,500 750 +10,000 Dividends Advertising Common Stock -5,000 -2,000 2,500 Rent Utilities +2,500 +-5,000 10 +5,000