Question: 1 MC pg. 2 SA pg. 3 Cash pg. 4 Income Statement.CASH Retained Earnings.CASH Balan 3) DEF Co. had the following transactions during the month:

 1 MC pg. 2 SA pg. 3 Cash pg. 4 Income

1 MC pg. 2 SA pg. 3 Cash pg. 4 Income Statement.CASH Retained Earnings.CASH Balan 3) DEF Co. had the following transactions during the month: a. Individual (you) deposited $100,000 into DEF Co.'s bank account in exchange for comm b. on 1/1 you purchased a 12 month insurance policy for $3,600 c. you received cash sales of $25,000 for services provided to customers d. company provided services of $33,000 to customers on account e. received cash in the amount of $67,250 for services to be performed at a later date f. during the month DEF Co. paid $15,000 of expenses for wages to employees DEF received cash of $17,250 for services provided to customers Adjustments it's the end of the month, make the appropriate adjustments to any prepaids previously re al a2 company performed services from transaction (e) a3 received cash of $10,000 for services previously provided in transaction (d) Prepare DEF's Income Statement from the data above. (Accrual Method) Prepare the Statement of Retained Earnings from the data above. (Accrual Method Prepare the Balance Sheet for DEF Co. from the above data. (Accrual Method) 4) If DEF Co. decided to pay dividends of $20,000 what would their ending retained earnings 1

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