During January 2020, the first month of operations, a consulting firm had the following transactions: 1. Issued common stock to owners in exchange for $26,000 cash. 2. Purchased $6,500 of equipment, paying $1,950 cash and signing a promissory note for $4,550. 3. Received $1,700 in cash for consulting services performed in January. 4. Purchased $1,950 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $20,800. 6. Paid $975 on account. 7. Paid $3,900 to employees for work performed during January. 8. Received a bill for utilities for January of $4,400; the bill remains unpaid. What is the amount of total revenue to be reported on the income statement for the month of January? Multiple Choice $11,700 $58,500 $37,700 $32,500

1. Husain Corporation has the following account it trial balance at the end of year: Accounting Receivables $ 230,000, Inventories $ 342,000, Allowances for doubtful debts $ 11,000, Long –term notes payable $ 56,000, Prepaid Rent $ 13,000, Unearned fee $ 5,000, Cash $ 46,000, Trading Securities $ 32,000. Prepare current assets section of the balance sheet.

the company have  cash of $12,351, Accounts Receivable of $18,431, Accounts Payable of$4,124, and G. Crane, Capital of $26,658. During the month of March, the following transactions occurred.1.Purchased equipment for $24,234 from Digital Equipment. Paid $5,634 cash and signed a note payable for the balance.2.Received $12,469 from customers for contracts billed in February.3.Paid $3,138 for March rent of office space.4.Paid $2,315 of the amounts owing to suppliers at the beginning of March.5.Provided software services to Kwon Construction Company for $7,147 cash.6.Paid BC Hydro $ 1,064 for energy used in March.7.G. Crane withdrew $4,853 cash from the business.B.Paid Digital Equipment $1.953 on account of the note payable issued for the equipment purchased in transaction 1. Of this,$93 was for interest expense.9 Hired an erployee to start working in April.10. Incurred advertising expense on account for March, $1,705.Prepare a tabular analysis of the above transactions. The first row…

Question (I got $44,000... correct?): Riley Company began operations on August 1, 2026 and entered into the following transactions during 2026: 1. On August 1, Riley Company sold common stock to owners in the amount of $60,000 and borrowed $48,000 from a local bank on a 10-month, 10% note payable. 2. On August 14, Riley Company purchased inventory for $42,000 cash. 3. On September 1, Riley Company purchased a 3-year insurance policy for $27,000 cash. 4. On September 19, Riley Company purchased land for $30,000 cash. 5. On October 28, Riley Company sold two-thirds of the inventory that was purchased on August 14 to a customer for $62,000 cash. 6. On December 3, Riley Company sold the land that was purchased on September 19 for $19,000 cash. 7. On December 31, Riley recorded all necessary adjusting entries. Calculate the amount of total expenses reported in Riley Company's 2026 income statement after all of the above transactions have been recorded and posted.