Presented here are the accounts of Pembroke Bookkeeping Company Pembroke Bookkeeping Company for the year ended December
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Question:
Presented here are the accounts of Pembroke Bookkeeping Company Pembroke Bookkeeping Company for the year ended December 31, 2018
Land | $5,000 | Common Stock | $28,000 | |
Notes Payable | 37,000 | Accounts Payable | 15,000 | |
Property Tax Expense | 3,400 | Accounts Receivable | 1,100 | |
Dividends | 36,000 | Advertising Expense | 19,000 | |
Rent Expense | 11,000 | Building | 173,100 | |
Salaries Expense | 62,000 | Cash | 4,000 | |
Salaries Payable | 1,600 | Equipment | 16,000 | |
Service Revenue | 215,000 | Insurance Expense | 2,700 | |
Office Supplies | 11,000 | Interest Expense | 7,300 | |
Retained Earnings, Dec. 31, 2017 | 55,000 |
Requirements
1. | Prepare Pembroke Bookkeeping Company's income statement. |
2. | Prepare the statement of retained earnings. |
3. | Prepare the balance sheet. |
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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