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S1-12 (similar to) Questic Amazing Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations
S1-12 (similar to) Questic Amazing Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The folowing data have been assembled for the business (Click the icon to view the assembled data of Amazing Arrangements.) Prapare the income statement of Amazing Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero) Amazing Arrangements Income Statement Data Table Revenues: Service Revenue Expenses: Rent Expense Insurance Expense Salaries Expense Utilities Expense Net Income Year Ended December 31, 2018 Total Expenses Insurance Expense $ 2,000 $ 78,000 Service Revenue Utilities Expense 78,000 1,000 Salaries Expense Accounts Payable Office Supplies $ 45,000 14,000 2,200 15.000 Rent Expense 15,000 Dividends 4,300 2,000 Common Stock A 10,500 Accounts Receivable 6,000 45,000 Cash 5,000 Equipment 26,200 1,000 Retained Earings, January 1. Print Done
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