Reference no: EM132599030
Question - These ?nancial statement items are for Norsted Company at year-end, July 31, 2015.
Salaries and wages payable $ 2,080 Notes payable (long-term) $ 1,800 Salaries and wages expense 51,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,780 Equipment 30,400 Accumulated depreciation-equipment 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 62,000 Depreciation expense 4,000 Rent revenue 8,500 Retained earnings (beginning of the year) 21,200 Common stock 30,000
Instructions -
(a) Prepare income statement and a retained earnings statement for the year.
(b) Prepare classi?ed balance sheet at July 31.
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Prepare income statement and a retained earnings statement
: These ?nancial statement items are for Norsted Company at year-end, July 31, 2015. Prepare income statement and a retained earnings statement for the year
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