J.J. Booth and Marie Savard incorporated Tara Inc., a consulting engineering company, and began operations on...

Transcribed Image Text:

J.J. Booth and Marie Savard incorporated Tara Inc., a consulting engineering company, and began operations on April 1, 20XX. During April, the business provided engineering services for clients. It is now April 30, and J. J. and Marie wonder how well Tara Inc. performed during its first month. They also want to know the business's financial position as of April 30 as well as cash flows during the month. Instruction-Prepare an income statement, statement of Retained Earnings, Cash Flow and balance sheet statement from the information below: J.J. Booth and Marie Savard incorporated Tara Inc., a consulting engineering company, and began operations on April 1, 20XX. During April, the business provided engineering services for clients. It is now April 30, and J. J. and Marie wonder how well Tara Inc. performed during its first month. They also want to know the business's financial position as of April 30 as well as cash flows during the month. Instruction-Prepare an income statement, statement of Retained Earnings, Cash Flow and balance sheet statement from the information below: