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Presented here are the accounts of Town and Country Realty for the year ended December 31?, 2018.
land 14000
note payable 34,000
property tax expense 2,300
dividends 28, 000
rent expense 70, 000
salaries payable 700
service revenue 235,000
office supplies 12,000
retained earnings, dec 31, 2917.
common stock 34,000
accounts payable 11,000
account recievable 700
advrtising exp 12, 000
building 184, 400
cash 2, 400
equipment 21, 000
insurance exp 2, 200
interest exp 6,700
Problem 1: Prepare Town and Country Realty's income statement.
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