The following data were taken from the accounting records

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Reference no: EM13606831

The following data were taken from the accounting records of Lorenzo Company. Except where indicated, the balances are as of December 31, 2011 before closing entries have been made.

Service Revenue - 29,000

Retaines earnings - January 1, 2011 - 37,260

Salaries Exepnse - 12,500

Other Operating expense - 6,700

Common stock - 43,000

Cash Flow from operating activities - 8,400

Dividends - 2,000

insurance expense- 800

Rent Expense - 6,000

Unearned revenue - 3,600

Reference no: EM13606831

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