Reference no: EM132599203

Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.

Accounts payable $ 8,230          Notes payable $ 13,460

Accounts receivable 5,230           Rent expense 13,230

Advertising expense 4,260              Retained earnings ?

Cash 6,330                              Service revenue 31,460

Common stock 18,230                    Supplies 5,130

Dividends 5,730                                 Supplies expense 1,440

Equipment 30,030

Question 1: Prepare an income statement for Marsh Corporation.

Question 2: Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.)

Question 3: Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity.)