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As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,200 cash during the year. Cash Accounts
As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $1,200 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year Armani, Capital, December 31, current year Armani, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $ 10,200 9,200 6,200 5,200 11,400 16,200 19,400 13,200 33,400 22,400 20,200 12,200 8,200 Prepare the income statement for Armani Company for the current year ended December 31. ARMANI COMPANY Income Statement For Current Year Ended December 31 Revenues Total revenues Expenses $ 0 Total expenses
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