The following information relates to Karen Weigel Co. for the year 2014. Retained earnings, January 1, 2014

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The following information relates to Karen Weigel Co. for the year 2014.

Retained earnings, January 1, 2014 .........$48,000

Dividends during 2014 ............. 5,000

Service revenue ................ 62,500

Salaries and wages expense ............ 28,000

Advertising expense .............. $ 1,800

Rent expense ................. 10,400

Utilities expense ................. 3,100

Instructions

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 03:28 AM

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The following information relates to Karen Weigel Co. for the year 2014. Retained earnings, January 1, 2014

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KAREN WEIGEL CO Income Statement For the Year Ended December 31 2014 Revenues Service revenue ...View the full answer

Financial and managerial accounting

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