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Question Help 0 Selected accounts of Adessa Consulting, Inc., a financial services business, have the following balances at December 31, 2018, the end of its

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Question Help 0 Selected accounts of Adessa Consulting, Inc., a financial services business, have the following balances at December 31, 2018, the end of its first year of operations. During the year, Lucy Adessa, the only stockholder, bought $15,000 of stock in the business !!! (Click the icon to view the selected accounts.) Read the requirements Requirement 1. Identify each amount shown as an asset, liability, revenue, or expense. Office furniture Utilities expense Accounts payable Asset Note payable Service revenue Accounts receivable Revenue Supplies expense Choose from any drop-down list and then click Check Answer. ? parts 6 pang remaining Clear All Check Answer Requirements - X set, 1. Identify each amount shown as an asset, liability, revenue, or expense. 2. Prepare the income statement of Adessa Consulting, Inc., for the year ended December 31, 2018. What is the result of operations for 2018? 3. Assuming the balance in Retained earnings on December 31, 2018, was $16,700, what was the amount of the dividends during the year? Answer by preparing a statement of retained earnings to solve for the dividends. Recall that the business has just completed its first year and has no beginning balance for retained earnings

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