11,000 Common Stock 15,000 Dividends 9,000 Equipment 33,000 Notes Payable 20,000 Rent Expense
Seattle Service had the following financial information at the end of 2020.
1/1/20 2020 12/31/20
Accounts Payable $15,000
Advertising Expense $ 1,000
Cash 11,000
Common Stock 15,000
Dividends 9,000
Equipment 33,000
Notes Payable 20,000
Rent Expense 3,500
Salaries and Wages Expense 16,000
Service Revenue 40,000
Utilities Expense 2,500
Instructions:
A.) Prepare a 2020 income statement, B.) 2020 retained earnings statement, and C.) a 12/31/20
Step by step
Solved in 4 steps
