Question
from the appropriate accounts given below please prepare income statement and balance sheet for Jerome corporation on sep 30 2004 accumulated depreciation 3,000 common stock
from the appropriate accounts given below please prepare income statement and balance sheet for Jerome corporation on sep 30 2004
accumulated depreciation 3,000
common stock 12,500
service revenue 20,000
note payable 5,000
salaries expenses 10,000
account receivable 7,000
dividends 2,000
unearned revenue 3,000
retained earnings 24,000
supplies 2,000
insurance expenses. 1,500
prepaid insurance 3,000
utilities expenses 4,000
office equipment 17,000
account payable 1,000
cash 22,000
prepare financial statement (balance sheet and income statement according to GAAP.)
thanks
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