Financial Statement Exercise John Doe started his business, Copy Specialties, Inc. on January 5, 2021....
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Accounting
Financial Statement Exercise John Doe started his business, Copy Specialties, Inc. on January 5, 2021. The following information was obtained from the accounts of the company as of January 31, 2021. Rent Expense Cash Dividends Service Revenue Accounts Receivable 1,000 2,000 2,500 9,000 3,000 Common Stock Accounts Payable Utilities Expense Equipment Supplies 20,000 6,000 500 ? 5,000 Required: In the space provided, please prepare, in proper form, an Income Statement, Statement of Stockholder's Equity and Balance Sheet for the month ending January 31, 2021. Analyze the statements and identify as many observations as you can related to the company's: 1) Profitability, and 2) Liquidity. Income Statement Statement of Stockholder's Equity Balance Sheet
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