please dont write out use excel or simmilar for answer If yo

please dont write out.... use excel or simmilar for answer. If you are not sure about your answer, explain why or simply do not answer. Thank you.

Question Anonymous Asked about 1 hour ago General Journal Date 01-03-2014 Cash Account Titles and Ex Debit 5,000 Received investment from owner 02-03-2014 Business Cash 1,000 t for business plan services 02-03-2014 Business Operating E Cash tration 03-03-2014 Rent Expense Cash 350 for rent 05-03-2014 Office 900 Accounts Best Buy computer purchase on credit card 900 05-03-2014 Office S 350 Accounts P Cell in T-mobile purchase on credit card 20-03-2014 OfficeS 600 Accounts Ikea furniture 600 on credit card 0-03-2014 Cash Services Revenue Provided services for cash 3,000 31-03-2014 Prepaid Rent 350 Cash Paid cash for 350 Total For Month En 14 12,050 $ 12,050 please take this information from general journal and generate an income statement as follows, G8

Solution

Note: The income statement and balance sheet are prepared based on journal entires provided. Accuracy of journal entries cannot be verified.

Please ensure the journal entries are correct since computer, cell phone and furniture which are fixed asset purchases have been debited to Office Supplies in the journal entries. They have been shown as Office Supplies in the balance sheet in accordance with the journal entries.

Metro Consulting LLC
Income Statement
For Month Ended March 31, 2014
	Amount	Total
Revenues
Services Revenue	3000
Total Revenues		3000
Expenses
Business Operating Expense	1500
Rent Expense	350
Total Expenses		1850
Net Income		1150