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The following information relates to Marty's Muffler Company for the year 2019: Retained earnings, January 1, 2019 $59,000 Advertising expense 1,800 Dividends paid during
The following information relates to Marty's Muffler Company for the year 2019: Retained earnings, January 1, 2019 $59,000 Advertising expense 1,800 Dividends paid during 2019 9,000 Rent expense 10,400 Service revenue .52,000 Utilities expense 2,400 Salaries and wages expense 25,000 Required After analyzing the above data, prepare in good form with proper headings and dates, the following two statements: 1. Income Statement 2. Retained Earnings Statement.
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