Solution-Prepare an income statement a retained earnings

Prepare an income statement a retained earnings statement

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Reference no: EM13572572

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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Prepare an income statement a retained earnings statement

Reference no: EM13572572

Reference no: EM13572572

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