Financial Statements

I am needing help understanding the financial statements with the following data. I need a income statement, statement of retained earnings and a balance sheet.

the following business transactions in general journal entry form.
Identify each transaction by number. You may omit explanations of the

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1. Stockholders invest $25,000 in cash in starting a real estate
office operating as a corporation.

2. Purchased $500 of supplies on credit (did not pay cash).

3. Purchased equipment for $15,000, paying $3,500 in cash and signed
a 30-day, $11,500, note payable.

4. Real estate commissions billed to clients amount to $4,000.

5. Paid $700 in cash for the current month’s rent.

6. Paid $250 cash on account for office supplies purchased in
transaction 2.

7. Received a bill for $800 for advertising for the current month.

8. Paid $2,500 cash for office salaries.

9. Paid $1,200 cash dividends to stockholders.

Received a check for $2,000 from a client in payment on account for
commissions billed in transaction 4.


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