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Prepare dukakiss income statement and balance sheet

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Reference no: EM13884497

Preparation and Integration of Financial Statements

Dukakis Company had the following accounts and balances during 2014: Service Revenue, $13,200; Rent Expense, $1,200; Wages Expense, $8,340; Advertising Expense, $1,350; Utilities Expense, $900; and Withdrawals, $700. In addition, the year- end balances of selected accounts were as follows: Cash, $1,550; Accounts Receivable, $750; Supplies, $100; Land, $1,000; Accounts Payable, $450; Investment by Owner,
$1,240; and beginning capital balance of $1,000.

Prepare Dukakis's income statement, statement of owner's equity, and balance sheet.

Reference no: EM13884497

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