Swanson Company provides the following information at the end of 2024. Cash remaining Rent expense for...

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Swanson Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2024 Salaries owed at the end of the year Insurance expense for the year Retained earnings at the beginning of the year No common stock is issued during 2024. $3,800 6,000 20,000 11,400 3,900 6,200 32,000 12,300 1,700 2,200 15,000 1,900 2,500 6,300 Required: 1. Prepare the income statement for Swanson Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Swanson Company on December 31, 2024. 3. Prepare the balance sheet for Swanson Company on December 31, 2024. Swanson Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2024 Salaries owed at the end of the year Insurance expense for the year Retained earnings at the beginning of the year No common stock is issued during 2024. $3,800 6,000 20,000 11,400 3,900 6,200 32,000 12,300 1,700 2,200 15,000 1,900 2,500 6,300 Required: 1. Prepare the income statement for Swanson Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Swanson Company on December 31, 2024. 3. Prepare the balance sheet for Swanson Company on December 31, 2024.

Answer rating: 100% (QA)

01 Prepare the Income Statement for for Swanson Company on December 31 2024 Answer SWANSON COMPANY I... View the full answer