The following information relates to La Greca Co. for the year 2015. Retained earnings, January 1, 2015
Question:
The following information relates to La Greca Co. for the year 2015.
Retained earnings, January 1, 2015 .......$48,000
Dividends during 2015 ........... 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, 2015.
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LA GRECA CO Income Statement For the Year Ended December 31 2015 Revenues Service revenue 62500 ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 9781118334324
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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