Prepare an income statement for the month ended July 31, 2013 for Sam’s Club. Sam’s account balances for the month ending August 31, 2013 are:

Cash	$ 12,400		Rent expense	$ 9,500
Accounts receivable	38,500		Utilities expense	600
Office supplies	5,100		Salaries Expense	18,000
Building	90,000		Miscellaneous expenses	500
Land	170,000		Retained earnings, Aug 1	13,150
Sales	98,000		Common stock	80,000
Cash dividends	4,050		Accounts payable	4,000

Answer:

Sam’s Club Income Statement For Month Ended August 31, 2013
Revenues
Expenses
Net income		$

Answer rating: 100% (QA)

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