Income statement and balance sheet Isabelle Limited started business on 1 September 2019. During the first month in business the following transactions occurred. a Issued share capital, $ XXXXXXXXXXb...

Income statement and balance sheet Isabelle Limited started business on 1 September 2019. During the first month in business the following transactions occurred. a Issued share capital, $100 000. b Paid one month’s rent of $2000. c Provided services to customers on credit, $30 000; $11 000 of this amount had been received by the end of the month. d Paid wages of $7000. e Received a $1000 bill for cleaning services on the newly rented property. The bill will be paid in October. Required: 1 Prepare an income statement for the month of September 2019. 2 Prepare a balance sheet at 30 September 2019.