(Answered) Question - after its first month of operation the following

Accounting

Question - After its first month of operation, the following amounts were taken from the accounting records of Benjamin Realty Inc. as of April 30, 2013.

Capital Stock $25,000 Notes Payable $35,000 Cash $53,000 Rent Expense $5,000 Dividends $10,000 Retained Earnings $0 Interest Expense $2,000 Salaries Expense $75,000 Land $42,000 Sales Commission $145,000 Miscellaneous Expense $3,000 Utilities Expense $15,000 Prepare an income statement for the month ending April 30, 2013.

Using the Financial data shown in exercise 2-17 for Benjamin Realty Inc., prepare a retained earning statement for the month ending April 30, 20Y9.

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