Use the following accounts and information to prepare, in good form, an income statement, and a retainedearnings statement for Clark Corporation for the month ended July 31, 2021$ 16,0004,400800$ 6,2002,800120,00031,20031,400104,00051,8001,000DividendsInsurance expenseAccounts PayableAccounts receivableSuppliesNotes payableRent expenseSalaries expenseBuildingsCash6,6004,80020,000RevenuesCommon stockRetained earnings (beginning)Rent PayableAccumulated Depreciation $1,000Prepaid Insurance$2,000

Name: Use the following accounts and information to prepare, in good form,
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Description: Use the following accounts and information to prepare, in good form, an income statement, and a retainedearnings statement for Clark Corporation for the month ended July 31, 2021$ 16,0004,400800$ 6,2002,800120,00031,20031,400104,00051,8001,000Divide

The income statement and retained earning statement for Clark Corporation for the month ended July…

Business

Accounting

Use the following accounts and information to prepare, in good form, an income statement, and å retalneu earnings statement for Clark Corporation for the month ended July 31, 2021 Dividends Insurance expense $ 16,000 4,400 800 $ 6,200 2,800 120,000 31,200 31,400 104,000 51,800 Accounts Payable Accounts receivable Supplies Notes payable Rent expense Salaries expense Accumulated Depreciation $1,000 Prepaid Insurance Buildings Cash 6,600 4,800 20,000 Revenues Common stock Retained earnings (beginning) Rent Payable $2,000 1,000

Use the following accounts and information to prepare, in good form, an income statement, and å retalneu earnings statement for Clark Corporation for the month ended July 31, 2021 Dividends Insurance expense $ 16,000 4,400 800 $ 6,200 2,800 120,000 31,200 31,400 104,000 51,800 Accounts Payable Accounts receivable Supplies Notes payable Rent expense Salaries expense Accumulated Depreciation $1,000 Prepaid Insurance Buildings Cash 6,600 4,800 20,000 Revenues Common stock Retained earnings (beginning) Rent Payable $2,000 1,000

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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