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Please amswer Excericise E1-12 and problem 1-9A from chapter1 f or Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe
Please amswer Excericise E1-12 and problem 1-9A from chapter1 for Financial Accounting: Tools for Business Decision Making 7th edition by Kimmel, Weygandt and Kieso:-inthe pictures below
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lgoods sold Dividends declared Finance expenses Finance income Income tax expense (recovery) Selling and distribution expenses Sales 410,035 12.917 16,443 7.998 (1.426) 497 854 937.155 Instructions (a) For each of the above accounts, identify whether it is a revenue (R) or expense (E) reported on the income statement (NR) Prepare an income statement for the year (b) account or an accoun ment E1-12 The following information is for Kon Inc. for the year ended December 1,2018. nges Common shares, Jan. 1 Common shares issued during year Retained earnings. Jan. 1 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $20,000 10,000 58,000 1,600 5,000 12,400 61,000 2,400 30,000 3,000 Instructions Prepare an income statement and statement of changes in equity for the year. E1-13 Sea Surf Campground, Inc. is a public camping ground near Ocean National Park. It information as at December 31, 2018
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