Business, 21.07.2020 20:01 deanlmartin
The asset, liabilities, and equities of Drought Design Studio have the following balances at December 31, 2018. The retained earnings was $35,000 at the beginning of the year. At year end, common stock was $17,000 and dividends were $61,000.
Notes Payable $14,000
Rent Expense 23,000
Cash 3,200
Office Supplies 5,100
Salaries Expense 65,000
Property Tax Expense 2,200
Office Furniture $48,400
Utilities Expense 7,200
Accounts Payable 3,600
Service Revenue 154,600
Accounts Receivable 9,300
Miscellaneous Expense 3,800
Required:
Prepare the income statement for Drought Design Studio for the year ending December 31, 2018.
Answers: 2
Business, 22.06.2019 23:10
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Answers: 1
Business, 23.06.2019 01:40
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Answers: 2
Business, 23.06.2019 02:10
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Answers: 1
Business, 23.06.2019 06:30
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Answers: 1
The asset, liabilities, and equities of Drought Design Studio have the following balances at Decembe...
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