On March 31, the amounts of the various assets, liabilities, revenues and expenses are as follows for Computer Consulting: Cash Payable $3,000 $3,100 $5,000 Fees Earned Insurance $2,600 Rent Expense $500 Expense $500 Land Stock Dividends $1,000 $1,000 $600 Note Prepaid Wage Capital Supplies $900 Prepare the Income Statement, Statement of Retained Earnings, and Balance Sheet. NEED answer asap

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On March 31, the amounts of the various assets,
liabilities, revenues and expenses are as follows
for Computer Consulting:
Cash
Payable
$3,000
$3,100
Fees Earned
Insurance $2,600
$5,000
Land
Stock
Dividends
Rent Expense $500
Expense
$500
$1,000
$1,000
$600
Note
Prepaid
Wage
Capital
Supplies
$900
Prepare the Income Statement, Statement of
Retained Earnings, and Balance Sheet.
NEED answer asap
Transcribed Image Text:On March 31, the amounts of the various assets, liabilities, revenues and expenses are as follows for Computer Consulting: Cash Payable $3,000 $3,100 Fees Earned Insurance $2,600 $5,000 Land Stock Dividends Rent Expense $500 Expense $500 $1,000 $1,000 $600 Note Prepaid Wage Capital Supplies $900 Prepare the Income Statement, Statement of Retained Earnings, and Balance Sheet. NEED answer asap
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