4 John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following5 linformation was obtained from the accounts of the company as of January 31, 2019. In the6 ispace provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity7 and Balance Sheet (unclassified) for the month ending January 31, 2019.8.9 In addition, provide two observations on Profitability and two observations on Liquidity.1011Rent Expense2,000Common Stock20,00012 iCash2,000Accounts Payable3,00013Dividends2,500Utilities Expense1,20014 !Service Revenue9,000Land18,00015Accounts Receivable2,000Supplies16Supplies Expense60017181920Copy Specialties, Inc.21Income Statement22For the Month Ended January 31, 20192324 )2526272829Sheet1 Calibri (Body)11A-AvE Wrap TexPasteI U -+ Merge &v fxN12ABDFGH.7273747576 Observations:77)Profitability|1.787980 !2.8182Liquidity1.8384852.86 !87 i8889 !90 j||

Copy Specialities, Inc. Income Statement For the Month Ended January 31, 2019 Revenue:…

John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following information was obtained from the accounts of the company as of January 31, 2019. In the ispace provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity |and Balance Sheet (unclassified) for the month ending January 31, 2019. In addition, provide two observations on Profitability and two observations on Liquidity. Rent Expense 2,000 Common Stock 20,000 3,000 1,200 Cash 2,000 Accounts Payable Utilities Expense Dividends 2,500 Service Revenue 9,000 Land 18,000 Accounts Receivable 2,000 Supplies Supplies Expense 600

John Doe started his business, Copy Specialties, Inc., on January 5, 2019. The following information was obtained from the accounts of the company as of January 31, 2019. In the ispace provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity |and Balance Sheet (unclassified) for the month ending January 31, 2019. In addition, provide two observations on Profitability and two observations on Liquidity. Rent Expense 2,000 Common Stock 20,000 3,000 1,200 Cash 2,000 Accounts Payable Utilities Expense Dividends 2,500 Service Revenue 9,000 Land 18,000 Accounts Receivable 2,000 Supplies Supplies Expense 600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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