On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records contained the following amounts: Required:
Prepare a single-step income statement for September for the first month of Fast Track's operation. Ignore income taxes.

Question

On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records contained the following amounts:  Required:
Prepare a single-step income statement for September for the first month of Fast Track's operation. Ignore income taxes.

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The Answer of On September 1, 2016, Fast Track, Inc. was started with $30,000 invested by the owners as contributed capital. On September 30, 2016, the accounting records contained the following amounts:  Required:
Prepare a single-step income statement for September for the first month of Fast Track's operation. Ignore income taxes.