Question

The following information relates to La Greca Co. for the year 2015.
Retained earnings, January 1, 2015 ....... $48,000
Dividends during 2015 ........... 5,000
Service revenue .............. 62,500
Salaries and wages expense .......... 28,000
Advertising expense ............. $ 1,800
Rent expense ............... 10,400
Utilities expense ............. 3,100

Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2015.



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  • CreatedFebruary 17, 2014
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