Question

Yasmine has a business called Yazmine's Yard Consulting that performs consulting services and some minor planting services to residential 32 customers. Below as information for the month of August 2020. Accounts listed in alphabetical order. For the month of August 2020, prepare al 3 financial statements in proper form for Yozmine's Yard Consulting (12 points total). Accounts Payable $ 1467 Dividends $ 13,270 $ Retained earnings of 7/31/20 3.800 tecounts Receivable 9120 Equipment 2,784 Supplies 2.690 Advertising expense 1165 Gas expense 760 Supplies expense 2,985 Cash 11396 Other revenue 775 Unearned revenue Common Stock 2.500 Planting revenue Yard Consulting revenue 10,420 5,350 918

Answer 1

E Income statiment of Yazmine for the month of August 2020 Amount 8) revenu $10420 Revenues : Yield consulting Planting $ 5350 revenue $ 775 Other Revenue $16545 Total Revenue den Expenses 2985 1165 760 Supplies expense Advertising experi Gas expense Total expenses $ 4910 $ 11,635 Net Income ( Revenue - Expenses)

ال) $9120 Balance sheet of Yazmine at 31 ust 2020 August Particulars Assets Amount Current Assets Acounts Receivables $ 11,396 Cash $ 2690 supplies Total current anels $23, 206 E $2784 Non current anet Equipment Total non wrrent anels $2784 $25990 Total Assets $1467 918 Liabilities and Equity Current liabilities Accounts Payable Unearned revenue Total current liabilities Non cunent liabilities Total Liabilities $2385 O $2385 Equity Retained earnings begg $13270 $ 111635 $(3800) $23490 + Net Income Dividends $ 2500 common stock Total liabilities & Equity $25990

Statement of change ui Equity for the month of Aug 2020 Retained earnings beginning (7/31/20) $13,270 $ 11,635 $(38001 Add: Net Income Dividends den: $23490 Retained earnings closing