Complete the following income statement and balance sheet

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Question: Five individuals organized Moncton Clay Corporation on January 1. On January 31, the following monthly financial data are available: Total Revenues $ 131,000 Operating Expenses 90,500 Cash 30,800 Accounts Receivable 25,300 Supplies 40,700 Accounts Payable 25,700 Contributed Capital 30,600 No dividends were declared or paid during January.

Required: 1. Complete the following income statement and balance sheet for the month of January. MONCTON CLAY CORPORATION Income Statement For the Month Ended January 31 1/26/23, 10:45 AM Assignment Print View

Reference no: EM133375037

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