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Problem 1-205 ILO 1-2 Following is a list of financiel statement items and amounts for Vantage Service as of 12/31 Accounts Receivable Accounts Payable Cash
Problem 1-205 ILO 1-2 Following is a list of financiel statement items and amounts for Vantage Service as of 12/31 Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends $40,100 30,100 10,010 20,180 18,828 50,050 100,500 10,018 5,010 20,108 15,440 Required 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 Complete this question by entering your answers in the tabs below.
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