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Prepare december income statement

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Question - The records of Roadmaster Auto Rentals show the following information as of December 31. The owner, Rob Fletcher withdrew $52,000 during the year for personal expenses. Prepare December income statement, a December statement of owner's equity, and a December 30 balance sheet.

Accounts payable $36,000

Wages expense $75,000

Insurance expense 2,000

Advertising expense 22,000

Accounts receivable 24,000

Cash 11,000

R Fletcher, Capital, January 1 150,000

Office Furniture 15,000

Airplanes 150,000

Maintenance expense 39,000

Notes payable 47,000

Revenues 217,000

Hangar 60,000

Reference no: EM132595958

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