Question
Problem 2-2A These items are taken from the financial statements of Tresh Corporation for 2014. Retained earnings (beginning of year) $33,646 Utilities expense 2,120 Equipment
Problem 2-2A These items are taken from the financial statements of Tresh Corporation for 2014. Retained earnings (beginning of year) $33,646 Utilities expense 2,120 Equipment 68,646 Accounts payable 21,878 Cash 13,615 Salaries and wages payable 7,591 Common stock 12,000 Dividends 12,000 Service revenue 71,104 Prepaid insurance 8,091 Maintenance and repairs expense 1,680 Depreciation expense 3,117 Accounts receivable 15,278 Insurance expense 2,683 Salaries and wages expense 40,104 Accumulated depreciationequipment 21,115 Prepare an income statement for the year ended December 31, 2014. TRESH CORPORATION Income Statement For the Year Ended December 31, 2014 $ $ $ Prepare a retained earnings statement for the year ended December 31, 2014. (List items that increase retained earnings first.) TRESH CORPORATION Retained Earnings Statement For the Year Ended December 31, 2014 $ : : $ Prepare a classified balance sheet as of December 31, 2014. (List current assets in order of liquidity.) TRESH CORPORATION Balance Sheet December 31, 2014 Assets $ $ : $ Liabilities and Stockholders' Equity $ $ $
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