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Presented here are the accounts of Jesse Daniel Lawn Service for the year ended December 31, 2018. The retained earnings account shows the $56,000 balance
Presented here are the accounts of Jesse Daniel Lawn Service for the year ended December 31, 2018. The retained earnings account shows the $56,000 balance as of the end of 2017, which is the beginning balance for 2018. Land $6,000 Salaries Expense 63,000 Common Stock 30,000 Cash 3,200 Notes Payable 36,000 Salaries Payable 1,500 Accounts Payable 9,000 Equipment 12,000 Property Tax Expense 3,100 Service Revenue 185,000 Accounts Receivable 1,300 Insurance Expense 2,000 Dividends 30,000 Office Supplies 14,000 Advertising Expense 20,000 Interest Expense 6,800 Rent Expense 9,000 Retained Earnings, 12/31/17 56,000 Building 147,100 Requirements 1. Prepare Jesse Daniel Lawn Service's income statement for the year ended 12/31/2018 2. Prepare the statement of retained earnings for the year ended 12/31/2018 3. Prepare the balance sheet as of 12/31/2018
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