Prepare an income statement a retained earnings statement

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Gould Corporation began operations on January 1, 2012. The following information is available for Gould Corporation on December 31, 2012

Accounts payable

$5,000

Notes payable

$7,000

Accounts receivable

2,000

Rent expense

10,000

Advertising expense

4,000

Retained earnings

?

Cash

3,100

Service revenue

25,000

Common stock

15,000

Supplies

1,900

Dividends

2,500

Supplies expense

1,700

Equipment

26,800



Prepare an income statement, a retained earnings statement, and a balance sheet for Gould Corporation.

Reference no: EM13572572

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