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Financial Statements The following amounts were taken from the accounting records of Dust, Sweep, Repeat Services, Inc., as of December 31, 2017. The company

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Financial Statements The following amounts were taken from the accounting records of Dust, Sweep, Repeat Services, Inc., as of December 31, 2017. The company began its operations on January 1, 2017. Cash $12,000 Common stock 15,000 Dividends 3,000 Fees earned 124,000 Interest expense 960 Land 43,000 Miscellaneous expense 2,040 Notes payable 16,000 Rent expense 14,000 Salaries expense 54,400 Taxes expense 8,600 Utilities expense 17,000 4 Instructions: 1. Prepare an income statement for the year ended December 31, 2017. Check My Work Beeent Sendees Previous Next>>

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