E1-4 This information relates to Molina Co. for the year 2014. Retained earnings, January 1, 2014 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $67,000 1,800 6,000 10,400 58,000 2,400 30,000 Instructions After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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E1-4 This information relates to Molina Co. for the
year 2014.
Retained earnings, January 1, 2014
Advertising expense
Dividends
Rent expense
Service revenue
Utilities expense
Salaries and wages expense
$67,000
1,800
6,000
10,400
58,000
2,400
30,000
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement
for the year ending December 31, 2014.
Transcribed Image Text:E1-4 This information relates to Molina Co. for the year 2014. Retained earnings, January 1, 2014 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $67,000 1,800 6,000 10,400 58,000 2,400 30,000 Instructions After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.
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