Prepare the income statement of Elegant Arrangements for the year ended December 31, 2014. Elegant Arrangements has

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Prepare the income statement of Elegant Arrangements for the year ended December 31, 2014.

Elegant Arrangements has just completed operations for the year ended December 31, 2014. This is the third year of operations for the company. The following data have been assembled for thebusiness:

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 08:31 AM

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Prepare the income statement of Elegant Arrangements for the year ended December 31, 2014. Elegant Arrangements has

Question:

4,000 Salaries Expense 74,000 Accounts Payable 1,100 office Supplies insurance Expense service Revenue utlities Expense Rent Experse Common Stock Cash Retalned Eamings, Jan. 1, 2014 $42,000 6,800 2,100 3,900 6,000 Accounts Recevable5,500 15,000 13,000 Dividends 4,700 Equipment 4,500

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Horngrens Financial and Managerial Accounting

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