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The following information relates to Linda Stanley Co. for the year 2010. Instructions After analyzing the data, prepare an income statement and an owners equity statement for the year ending December 31, 2010. 48,000 Advertising expense $1800 10,400 Linda Stanley, Capital, January 1.2010 Linda Stanley, Drawing during 2010 Service revenue Salaries expense 6,000 Rent expense 62.500 Uies expense 30,000 3,100

Chapter 1, Exercises #12

The following information relates to Linda Stanley Co. for the year 2010.

Instructions

After analyzing the data, prepare an income statement and an owner’s equity statement for the year ending December 31, 2010.

Transcribed Image Text:

48,000 Advertising expense $1800 10,400 Linda Stanley, Capital, January 1.2010 Linda Stanley, Drawing during 2010 Service revenue Salaries expense 6,000 Rent expense 62.500 Uies expense 30,000 3,100

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Accounting Principles

Accounting Principles

9th Edition

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

ISBN: 978-0470533475

Answers for Questions in Chapter 1

Brief Exercises:
Broadening Your Perspective:
DO IT! Review:
Exercises:
Problem Set A:
Problem Set B:
Questions:

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