This information relates to Benser Co. for the year 2017. Retained earnings, January 1, 2017 ................$67,000 Advertising

Question:

This information relates to Benser Co. for the year 2017.

Retained earnings, January 1, 2017 ................$67,000

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

Dividends ............................................. 6,000

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

Service revenue ....................................... 58,000

Utilities expense ...................................... 2,400

Salaries and wages expense ........................ 30,000

Instructions

After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2017.

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Related Book For  book-img-for-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

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

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