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not sure if what i have is correct As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts
not sure if what i have is correct As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,500 9,500 6,500 5,500 12,000 14,500 3,500 5,500 13,500 34,000 23,000 20,500 12,500 8,500 Required: Prepare the 2019 year-end income statement for Armani Company ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Required: Prepare the 2019 year-end income statement for Armani Company. ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues $ Accounts receivable Consulting revenue Rental revenue 9,500 34,000 23,000 Total revenues $ 66,500 Expenses Salaries expense Rent expense Selling and administrative expenses Supplies Equipment Total expenses 20,500 12,500 8,500 6,500 5,500 53,500 13,000 Net income $
not sure if what i have is correct
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