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on october 31 the company s records show the following items and amounts use this in 643232

On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company’s records show the following items and amounts. Use this information to prepare an October income statement for the business.

Cash

$ 2,000

Cash withdrawals by owner

$ 3,360

Accounts receivable

13,000

Consulting fees earned

15,000

Office supplies

4,250

Rent expense

2,550

Land

36,000

Salaries expense

6,000

Office equipment

28,000

Telephone expense

660

Accounts payable

7,500

Miscellaneous expenses

680

Owner investments

74,000

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