Riley Incorporated reports the following amounts at the end of the year: Service Revenue Salaries Expense...

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Riley Incorporated reports the following amounts at the end of the year: Service Revenue Salaries Expense Cash Buildings Accounts Payable Interest Expense Advertising Expense $ 3.200 60.000 8.500 4.000 11.300 Equipment Supplies Notes payable $ 92.500 72.800 72.000 6,400 40.000 In addition, the company had common stock of $65,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet. Riley Incorporated reports the following amounts at the end of the year: Service Revenue Salaries Expense Cash Buildings Accounts Payable Interest Expense Advertising Expense $ 3.200 60.000 8.500 4.000 11.300 Equipment Supplies Notes payable $ 92.500 72.800 72.000 6,400 40.000 In addition, the company had common stock of $65,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet.

Answer rating: 100% (QA)

Income Statement for Riley Incorporated Service Revenue 92500 Less Salari... View the full answer