Service revenue Postage expense Legal fees expense $ 75,000 1,500 2,400 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000. Required: Income Statement Rent expense Salaries expense Supplies expense Complete this question by entering your answers in the tabs below. Stmt of Stockholders Equity $ 10,600 24,000 14,500
Service revenue Postage expense Legal fees expense $ 75,000 1,500 2,400 1. Prepare an income statement. 2. Prepare a statement of stockholders' equity. In addition, the balance of common stock at the beginning of the year was $200,000, and the balance of retained earnings was $32,000. During the year, the company issued additional shares of common stock for $25,000 and paid dividends of $10,000. Required: Income Statement Rent expense Salaries expense Supplies expense Complete this question by entering your answers in the tabs below. Stmt of Stockholders Equity $ 10,600 24,000 14,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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