The following information relates to David Pande Co. for the year 2014. Owners capital, January 1, 2014

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The following information relates to David Pande Co. for the year 2014.

Owner’s capital, January 1, 2014 ..........$48,000

Owner’s drawings during 2014 .......... 6,000

Service revenue ................ 63,600

Salaries and wages expense ............ 29,500

Advertising expense ............... $ 1,800

Rent expense .................. 10,400

Utilities expense ................ 3,100

Instructions

After analyzing the data, prepare an income statement and an owner’s equity statement for the year ending December 31, 2014.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 12:55 AM

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The following information relates to David Pande Co. for the year 2014. Owners capital, January 1, 2014

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