Reference no: EM132635906
Presented here are the accounts of Hometown Decor Company for the year ended December 31?, 2018.
Data table
Land 13000 common stock 28000
Note payable 33000 acct payable 14000
Property tax expense 2800 acct receivable 800
Dividends 36000 advertising expense 1700
Rent expense 14,000 building 170,400
Salaries payable 67,000 cash 2800
Service revenue 22500 equipment 17000
Office supplies 8000 interest expenses 6800
Retained earnings, dec 31 2017 56,000
Requirements
Problem 1. Prepare Hometown Decor Company's income statement.
Problem 2. Prepare the statement of retained earnings.
Problem 3. Prepare the balance sheet.