Question: Financial Statement Preparation: a. Preparing an income statement On October 1, Keisha King organized Real Answers, a new consulting firm. On October 31, the company's

Financial Statement Preparation:

a. Preparing an income statement On October 1, Keisha King organized Real Answers, a new consulting firm. On October 31, the company's records show the following items and amounts. Use this information to prepare an October income statement for the business.

b. Preparing a statement of retained earnings Using the financial information shown above, prepare an October statement of retained earnings for Real Answers.

c. Preparing a balance sheet Using the financial information shown above, prepare an October 31 balance sheet for Real Answers.

Financial Statement Preparation: a. Preparing an income statement On October 1,

Financial Statement Preparation: Preparing an income statement On October 1, Keisha King organized Real Answers, a new consulting firm. On October 31, the company's records show the following items and amounts. Use this information to prepare an October income statement for the business. Preparing a statement of retained earnings Using the financial information shown above, prepare an October statement of retained earnings for Real Answers. Preparing a balance sheet Using the financial information shown above, prepare an October 31 balance sheet for Real Answers

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