Question $2$ of $2$

$(d2)$

Prepare a retained earnings statement for the month of May $31.$

Pina Colada Corp.

Retained Earnings Statement

$q,$ $ $$

$$

$$

$$

$$ $

$$

$ $$

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$(d3)$

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Question $2$ of $2$

$\frac{14\mathrm{.}54}{25}$

Prepare an income statement for the month of May $31.$

Pina Colada Corp.

Income Statement

For the Month Ended May $31,2022$

Rent Revenue

$

$12,470$

Expenses

Advertising Expense

$ $$

Salaries and Wages Expense $$

Utilities Expense $$

Insurance Expense $$

Supplies Expense $$

Interest Expense $$

Depreciation Expense

$391$

$8\mathrm{.}415$

Total Expenses

Net Income $/($Loss$)$

Question $2$ of $2$

$\frac{14\mathrm{.}54}{25}$

The Pina Colada Corp. opened for business on May $1,2022.$ Its trial balance before adjustment on May $31$ is as follows.

$\backslash$table$[[,\backslash$table$[[$Pina Colada Corp.$],[$Trial Balance$],[$May $31,2022]],,],[$Account Number,,Debit,Credit$],[101,$Cash,$$3,710,],[126,$Supplies,$2,210,],[130,$Prepaid Insurance,$2,544,],[140,$Land,$12,720,],[141,$Buildings,$63,600,],[149,$Equipment,$15,120,],[200,$Notes Payable,,$$42,400$