Prepare an income statement and retained earnings statements, Accounting Basics

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Prepare an income statement and retained earnings statements

The following information relates to Linda Stanley Co. for the year 2008.

Retained earnings, January 1, 2008 $ 48,000 Advertising expense $ 1,800
Dividends during 2008 6,000 Rent expense 10,400
Service revenue 62,500 Utilities expense 3,100
Salaries expense 30,000

Instructions:

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2008.

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Accounting Basics: Prepare an income statement and retained earnings statements

Reference No:- TGS092095

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Accounting Basics: Prepare an income statement and retained earnings statements

Reference No:- TGS092095

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Prepare an income statement and retained earnings statements

Reference No:- TGS092095

Recent Questions Asked Accounting Basics

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