Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the companys records show the following selected accounts and amounts for the month of July. Required 1. Prepare a July income statement for the business. 2. Prepare a July statement of owners equity. The owners capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2. 3. Prepare a July 31 balance sheet. Hint: Use the owners capital account balance calculated in part 2.
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