Prepare the financial statements below. You will only be preparing the income statement, statement of retained earnings, and balance sheet.

42 2A B 3 Account Account Number Title 5 m Cash 6 117 Repair supplies 7 119 Prepaid insurance 8 144 Repair equipment 9 145 Accumulated depreciation 10 212 Accounts payable 11 213 Income tax payable 12 311 Common stock 13 313 Dividends 14 411 Service revenue 15 511 Store rent expense 16 512 Telephone expense 17 517 Electricity expense 18 513 Insurance expense 19 514 Repair supplies expense 20 515 Dep Expense-Repair equipment 21 516 Income tax Expense ///// C | D | Balance Debit Credit 37700 250 4,400 7,800 160 7,350 95 40,000 8.900 3,600 300 AutoSave o 2 Milestone 1. Course Project, ACCT212 Leah Griffin . Saved Search File Home Insert Page Layout th Century Gothic 10 - A BIV A Clipboard Font Formulas A == Data Review View Help Wrap Text E Merge & Center - Alignment Paste General $ - % ) Number 8-98 Conditional Format as Cell Formatting Table Styles - Insert Delete Format - Styles D4 C 10 G 4 A B P eter's Pool Corporation Income Statement For the Month Ending July 31 F Peter's Pool Corporation Statement of Retained Earnings For the Month Ending July 31 Peter's Pool Corporation Balance Sheet July 31 3 Revenues: 9 Pool Repair Revenue 10 Total Revenue Retained Earnings, July 1 Add: Net Income Subtotal Less: Dividends Retained Earnings, July 31 Assets: Cash Repair Supplies Prepaid Insurance Repair Equipment Less: Accum, Dep - Repair Equipment. Total Assets 2 Expenses: 3 Store Rent Expense 4 Telephone Expense 5 Insurance Expense 6 Repair Supplies Exp. 7 Depreciation Exp. 8 Income Tax Expense 9 Electric Expense 0 Total Expenses Liabilities and Stockholders' Equity Liabilities: Accounts Payable Income Taxes Payable Total Liabilities 2 Net Income Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity chart of Accounts Journal Entries 2 a Generated riol Balance 485 Adjusting Entries 6 - Adjusted To 7 - Financial Statements