Question: Refer to Problem 2-50B. After completing the trial balance in Problem 2-50B, prepare the following financial statements for Shermana Peters, Registered Dietician, P.C.: Requirements 1.

Refer to Problem 2-50B. After completing the trial balance in Problem 2-50B, prepare the following financial statements for Shermana Peters, Registered Dietician, P.C.:

Requirements

1. Income statement for the month ended July 31, 2012.

2. Statement of retained earnings for the month ended July 31, 2012. The beginning balance of retained earnings was 0.

3. Balance sheet at July 31, 2012.

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