Town and Country Real EstateTown and Country Real Estate

for the year ending

rangeDecember

Kara	10.000 $		Owner contribution, 2018	36.000 $
Notes payable	29.000		Accounts payable	10.000
Property Tax Expense	2.400		Accounts receivable	1.300
Hicks, Withdrawal	36.000		Ad spend	12.000
Rent	8.000		Bina	194.800
Salary expenses	63.000		in advance	2.200
Salaries Payable	800		Equipment	13.000
Service income	235.000		insurance cost	1.800
office materials	9.000		interest expense	7.300
Hicks, Capital, 31 December 2017	50.000

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3131,

20182018.

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Requirements

1.	Prepare Town and Country Realty'sTown and Country Realty's income statement.
2.	Prepare the equity statement.
3.	Prepare the balance sheet.

Condition 1. Prepare

Town and Country Realty'sTown and Country Realty's

income statement.

		Town and Country Real Estate
		Income statement
		Year Ended 31 December 2018
revenues:
	Service income
Expenses:
	Salary expenses
	insurance cost
	Ad spend
	Rent
	interest expense
	Property Tax Expense
		Total expenses
Net income

Answer rating: 100% (QA)

Town and Country Real Estate Income Statement Year En... View the full answer