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As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,900 cash during the year. Cash
As of December 31 of the current year, Armani Company's records show the following. Hint. The owner invested $2,900 cash during the year. Cash Accounts receivable Supplies Equipment Accounts payable Armani, Capital, December 31, prior year $ 11,900 10,900 7,900 6,900 14,800 17,900 Armani, Capital, December 31, current year 22,800 Armani, Withdrawals 14,900 Consulting revenue 36,800 Rental revenue 25,800 Salaries expense 21,900 Rent expense Selling and administrative expenses 13,900 9,900 Required: Prepare the income statement for Armani Company for the current year ended December 31. Revenues Total revenues Expenses ARMANI COMPANY Income Statement For Current Year Ended December 31 SA $ 0 Total expenses 0
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