The following information relates to Karen Weigel Inc. for the year 2017. Retained earnings, January 1, 2017..........$48,000......Advertising
Question:
Retained earnings, January 1, 2017..........$48,000......Advertising expense..........$ 1,800
Dividends during 2017...........................5,000...............Rent expense...........10,400
Service revenue...................................62,500...........Utilities expense............3,100
Salaries and wages expense.....................28,000Other comprehensive income .........400
After analyzing the data,
(a) Compute net income and
(b) Prepare a comprehensive income statement for the year ending December 31, 2017.
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a Serv ice revenue 62500 Less Salaries and wages expense 28000 Rent expens...View the full answer
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