Presented here are the accounts of Quick and EZ Delivery for the year ended December 31, 2014:

Requirements
1. Prepare Quick and EZ Delivery’s income statement.
2. Prepare the statement of retained earnings.
3. Prepare the balancesheet.

Transcribed Image Text:

5 7,000 Common Stodk Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Office Supplies Retalned Earnings, 12/31/13 32,000 4,000 1,700 17,000 137,900 6,000 17.000 2,000 6,000 30,000 Accounts Payable 2,900Account Recelvable 32,000 Advertising Expense 13,000 Bulding 69,000 ash 500 Equipment 192,000 Insurance Experse 8,000 Interest Expense 51,000