Presented below is financial information related to the 2015 operations of Louisa Cruise Company. Maintenance and repairs

Question:

Presented below is financial information related to the 2015 operations of Louisa Cruise Company.

Maintenance and repairs expense .......$ 92,000

Utilities expense ............... 10,000

Salaries and wages expense ......... 142,000

Advertising expense ............ 3,500

Ticket revenue ............... 328,000


Instructions

Prepare the 2015 income statement for Louisa Cruise Company.

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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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