Question: Prepare an income statement, a retained earnings statement, and a balance sheet using info below. See photo. Thank you! CSU Corp began operations on Jan
Prepare an income statement, a retained earnings statement, and a balance sheet using info below. See photo. Thank you!
CSU Corp began operations on Jan 1st, 20X2. Prepare an income statement, a retained earnings statement, and a balance sheet for Jan 31st, 20X2 using the information below. Remember, each item must be used, and by only once. Accounts Receivable (A/R): 1,800 Accounts Payable (A/P): 2,000 Cost of Goods Sold (COGS): 9,000 Notes Payable (N/P): 5,000 Common Stock (C.S.): $10,000 Retained Earnings - Beginning (RE-Beg): ? Equipment (Equip): $16,000 Insurance Expense (Ins. Exp.): 1,000 Revenue (Rev.): $17,000 Supplies: $4,000 Supplies Expenses (Supp Exp.): $200 Cash: 1400 Dividend (Div): 600
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