As of December 31, 2018, Audi Company?s financial records show the following items and amounts. Required Prepare
Question:
As of December 31, 2018, Audi Company?s financial records show the following items and amounts.
Required
Prepare the 2018 year-end income statement for Audi Company.
Transcribed Image Text:
$2,000 Cash.. Accounts receivable .. 1,800 Supplies..... 1,200 Equipment.. 1,000 Accounts payable... Common stock..... Retained earnings, Dec. 31, 2017..... Retained earnings, Dec. 31, 2018.. 3,700 1,100 800 1,200 2,600 Dividends .. Consulting revenue 6,600 Rental revenue... 4,400 Salaries expense. 4,000 Rent expense . 2,400 Selling and administrative expenses. 1,600
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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