Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that...

  

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Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that the company issued $60,760 of common stock on January 2, 201X. The business started on January 2, 201X) Dr Cr Cash $70,250 Accounts Receivable 20,960 Office Equipment 45,000 Accumulated Depreciation 6,500 Accounts Payable 42,250 Common Stock 60,760 Dividends 4,500 Retained Earnings 00 Sales Revenue 87,000 Salary Expense 43,650 Operating Expense 12,150 196,510 196,510 Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that the company issued $60,760 of common stock on January 2, 201X. The business started on January 2, 201X) Dr Cr Cash $70,250 Accounts Receivable 20,960 Office Equipment 45,000 Accumulated Depreciation 6,500 Accounts Payable 42,250 Common Stock 60,760 Dividends 4,500 Retained Earnings 00 Sales Revenue 87,000 Salary Expense 43,650 Operating Expense 12,150 196,510 196,510

Answer rating: 100% (QA)

a sales 87000 less salary expense 43650 operating expense ... View the full answer