Pink Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: (Click the icon to view the assembled data of Pink Arrangements.) Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense et Income Pink Arrangements Income Statement Year Ended December 31, 2024 Total Expenses Data table Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2024 $ Print 3,000 72,000 1,000 7,000 6,500 6,800 5,600 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment Done $ 45,000 20,100 2,000 4,600 4,000 30,800
Pink Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled for the business: (Click the icon to view the assembled data of Pink Arrangements.) Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense et Income Pink Arrangements Income Statement Year Ended December 31, 2024 Total Expenses Data table Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2024 $ Print 3,000 72,000 1,000 7,000 6,500 6,800 5,600 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment Done $ 45,000 20,100 2,000 4,600 4,000 30,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Pink Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled
for the business:
(Click the icon to view the assembled data of Pink Arrangements.)
Revenues:
Service Revenue
Expenses:
Salaries Expense
Rent Expense
Insurance Expense
Utilities Expense
et Income
Pink Arrangements
Income Statement
Year Ended December 31, 2024
Total Expenses
Data table
Insurance Expense
Service Revenue
Utilities Expense
Rent Expense
Common Stock
Cash
Retained Earnings, January 1, 2024
Print
3,000
72,000
1,000
7,000
6,500
6,800
5,600
Salaries Expense
Accounts Payable
Office Supplies
Dividends
Accounts Receivable
Equipment
Done
45,000
20,100
2,000
4,600
4,000
30,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd20063b5-09e9-4bb6-9f27-b5f12ca902fe%2Fec637dcc-8480-4876-84e0-cecd2b93e447%2Fhycdss8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pink Arrangements has just completed operations for the year ended December 31, 2024. This is the third year of operations for the company. The following data have been assembled
for the business:
(Click the icon to view the assembled data of Pink Arrangements.)
Revenues:
Service Revenue
Expenses:
Salaries Expense
Rent Expense
Insurance Expense
Utilities Expense
et Income
Pink Arrangements
Income Statement
Year Ended December 31, 2024
Total Expenses
Data table
Insurance Expense
Service Revenue
Utilities Expense
Rent Expense
Common Stock
Cash
Retained Earnings, January 1, 2024
Print
3,000
72,000
1,000
7,000
6,500
6,800
5,600
Salaries Expense
Accounts Payable
Office Supplies
Dividends
Accounts Receivable
Equipment
Done
45,000
20,100
2,000
4,600
4,000
30,800
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