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Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in
Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation. Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense $ 40,000 30,000 10,000 20,000 10,000 50,000 100,000 10,000 Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends Required: 15,000 5,000 20,000 ? 10,000 1. Prepare the income statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31, Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1. hu antarinn var aneware in the tabs below.
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