Question
The following information relates to La Greca Co. for the year 2019. Retained earnings, January 1, 2019............$48,000.........Advertising expense.......$ 1,800 Dividends during 2019..............................5,000..................Rent expense........10,400 Service revenue.....................................62,500..............Utilities
The following information relates to La Greca Co. for the year 2019.
Retained earnings, January 1, 2019............$48,000.........Advertising expense.......$ 1,800
Dividends during 2019..............................5,000..................Rent expense........10,400
Service revenue.....................................62,500..............Utilities expense.........3,100
Salaries and wages expense.......................28,000
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2019.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
