On October 1, 2014, Pro Lawn Services Corporation was organized as a brand new business. (20...

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On October 1, 2014, Pro Lawn Services Corporation was organized as a brand new business. (20 pts) At October 31, 2014, here are the accounts of Pro Lawn Services: Accounts payable Accounts receivable Cash Common Stock Dividends Insurance expense Land Fees earned Marketing expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense 11,900 29,950 13,390 103,000 15,500 1,475 80,000 80,800 1,510 2,000 8,000 38,300 950 825 3,800 1.6 Required: Prepare in good form the financial statements for Pro Company for its first month of business, October 2014 Prenare the a) income statement, b) statement of retained earnings, and c) balance sheet. On October 1, 2014, Pro Lawn Services Corporation was organized as a brand new business. (20 pts) At October 31, 2014, here are the accounts of Pro Lawn Services: Accounts payable Accounts receivable Cash Common Stock Dividends Insurance expense Land Fees earned Marketing expense Prepaid insurance Rent expense Salary expense Supplies Supplies expense Utilities expense 11,900 29,950 13,390 103,000 15,500 1,475 80,000 80,800 1,510 2,000 8,000 38,300 950 825 3,800 1.6 Required: Prepare in good form the financial statements for Pro Company for its first month of business, October 2014 Prenare the a) income statement, b) statement of retained earnings, and c) balance sheet.