Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end...

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Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, Prepare a retained earnings statement for the month of October 2022. SKYSONG INC. Retained Earnings Statement $ $

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Answer 1

Answer #1

SKYSONG INC
Retained Earnings Statement
For the Month of October 2022
Beginning Retained Earnings	-
Add: Net income	16,240.00
Ending Retained Earnings	16,240.00

working note

Service Revenue	19,990.00
Interest Expense	- 440.00
Salaries and wages Expense	- 2,600.00
Supplies Expense	- 370.00
Depreciation Expense	- 340.00
Net income	16,240.00

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Answer 2

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