Question

I need part 4 only please, the financial statements based on the following information and transactions. Please and thank you!

List of accounts, I do not need the trial balance for this question posting.

THIS is the part I need please, the financial statements only.

The following balances appeared in the general ledger accounts of Fenton Table Rentals Corporation at April 1, 2019. April 1 balances: Debit Credit Cash 5,000 Accounts receivable 5,000 Prepaid rent 200 Unused supplies 500 Accounts payable 4,000 Common stock 6,700 Required: 1 Prepare journal entries to record the April transactions shown on the "Transactions" page (see tab below). Include general ledger account numbers. 2 Post the transactions to the T- accounts. 3 Prepare a trial balance at April 30, 2019. 4 Prepare an interim income statement and statement of changes in equity for the month ended April 30, 2019 and interim balance sheet Required Transactions T-accounts Jnl. Entries Trial Bal. Statements alate April Amount Transaction Collected cash owed by a customer $1,000 a. b. Billed customers for tables rented to date 1,000 Paid the following expenses: C. Advertising 100 Salaries 1,000 Telephone Paid part of the accounts payable owing at April 1 Received a bill for April truck repair expenses 500 800 e. 500 f Collected cash owed by a customer 2,900 Billed customers for tables rented to date g. 2,000 Transferred prepaid rent to rent expense h. 60 Counted supplies and found this amount still on hand i. (recorded the amount used as an expense) 300 Paid a dividend 700 Required Transactions T-accounts Jnl. Entries Trial Bal Statements Copyright leulate A Fenton Table Rentals Corporation Trial Balance At April 30, 2019 Accounts Balances Credit Debit Account Title Acct. No. Cash 101 Accounts receivable 110 Prepaid rent 162 Unused supplies 173 Accounts payable 210 320 Common stock Dividends 350 470 Service revenue Advertising expense 610 654 Rent expense 7 656 Salaries expense 668 Supplies expense Telephone expense Truck operating expense 669 670 21 22 23 24 25 G Fenton Table Rentals Corporation Income Statement Fenton Table Rentals Corporation Balance Sheet For the Month Ended April 30 2019 At April 30, 2019 Revenue Assets Expenses Ligbilities Stockholders Equity Fenton Table Rentals Corporation Statement of Changes in Equity For the Month Ended April 30, 2019 Common Retained Total stock narnings equity Opening balance Ending balance Required Transactions accounts Inl. Entries Trial Bal. Statements late

Answer 1

FENTON TABLE RENTAL CORPORATION
INCOME STATEMENT FOR THE MONTH ENDED APRIL 30, 2019
REVENUES
SERVICE REVENUE		$                          3,000.00
EXPENSES
SALARY EXPENSES	$                  1,000.00
RENT EXPENSES	$                        60.00
ADVERTISING EXPENSES	$                      100.00
TELEPHONE EXPENSES	$                      500.00
SUPPLY EXPENSES	$                      200.00
TRUCK OPERATING EXPENSES	$                      500.00	$                          2,360.00
NET INCOME		$                              640.00
STATEMENT OF RETAINED EARNINGS
FOR THE MONTH ENDED APRIL 30, 2019
	COMMON STOCK	RETAINED EARNINGS	TOTAL
OPENING BALANCE	$                  6,700.00	$                                       -	$ 6,700.00
ADD: PROFIT		$                              640.00	$     640.00
LESS: DIVIDEND PAID		$                           (700.00)	$   (700.00)
CLOSING BALANCE	$                  6,700.00	$                              (60.00)	$ 6,640.00
FENTON TABLE RENTAL CORPORATION
BALANCE SHEET FOR THE MONTH ENDED APRIL 30, 2019
ASSETS
CURRENT ASSETS
CASH		$                          5,800.00
ACCOUNTS RECEIVABLE		$                          4,100.00
PREPAID RENT		$                              140.00
UNUSED SUPPLIES		$                              300.00
TOTAL ASSETS		$                        10,340.00
LIABILITIES
CURRENT LIABILITIES
ACCOUNTS PAYABLE		$                          3,700.00
TOTAL LIABILITIES		$                          3,700.00
SHAREHOLDERS EQUITY
COMMON STOCK		$                          6,700.00
RETAINED EARNINGS		$ (60.00)
TOTAL SHAREHOLDERS EQUITY		$                          6,640.00
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY		$                        10,340.00

WORKSHEET FOR PREPARATION OF FINANCIAL		STATEMENT	(ADJUSTED	TRIAL BALANCE)
		OPENING BALANCES		ADJUSTMENTS		CLOSING BALANCE
ACCT NO	ACCOUNT TITLE	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT
101	CASH	$    5,000.00		$    3,900.00	$    3,100.00	$    5,800.00
110	ACCOUNTS RECEIVABLE	$    5,000.00		$    3,000.00	$    3,900.00	$    4,100.00
162	PREPAID RENT	$        200.00			$          60.00	$        140.00
173	UNUSED SUPPLIES	$        500.00			$        200.00	$        300.00
210	ACCOUNTS PAYABLE		$    4,000.00	$        800.00	$        500.00		$    3,700.00
320	COMMON STOCK		$    6,700.00				$    6,700.00
350	DIVIDENDS			$        700.00		$        700.00
470	SERVICE REVENUE				$    3,000.00		$    3,000.00
610	ADVERTISING CHARGES			$        100.00		$        100.00
654	RENT EXPENSES			$          60.00		$          60.00
656	SALARIES EXPENSES			$    1,000.00		$    1,000.00
668	SUPPLIES EXPENSES			$        200.00		$        200.00
669	TELEPHONE EXPENSES			$        500.00		$        500.00
670	TRUCK OPERATING EXPENSES			$        500.00		$        500.00
TOTAL		$ 10,700.00	$ 10,700.00	$ 10,760.00	$ 10,760.00	$ 13,400.00	$ 13,400.00