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ASSIGNMENT- FINANCIAL STATEMENTS
The following are the account balances from the Adjusted Trial Balance of SGA Incorporated as of Jan 31, 2010.
Cash
60,000
Rent Expense
5,000
Equipment
30,000
Supplies Expense
9,000
Accumulated Depreciation :Equip.
Salaries Expense
4,000
Unearned Fees
6,000
Utilities Expense
Interest Receivable
1,000
Retained Earnings, Jan 1
14,000
Supplies
13,000
Insurance Expense
Accounts Receivable
10,000
Advertising expense
3,000
Unexpired Insurance
Depreciation expense
1, 000
Capital Stock
47,000
Prepaid Rent
60, 000
Dividends
7,000
Fees Earned
130, 000
Accounts Payable
Use the account balances and Prepare
1. INCOME STATEMENT for the month of January
2- The STATEMENT of RETAINED EARNINGS as of January 31
3- BALANCE SHEET as of January 31.
Attachment:- Assignment.rar
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