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Home > Education > Homework Help > Finance & Accounting   »   Income statement preparation

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Old Nov 1, 2009, 04:51 PM
deborah45
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Income statement preparation

[font="Times New Roman"]How do I complete the income statement based on the following information:

Capital Stock 18,000 Notes Payable 54,000
Cash 38,700 Rent Expense 10,800
Dividends 7,200 Retained earnings 0
Interest expense 3,600 Salaries expense 16,200
Land 66,600 Sales commissions 89,100
Miscellaneous expense 4,500 Utilities expense 13,500

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Old Nov 1, 2009, 11:04 PM   #2  
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There are sample statements here:
http://www.askmehelpdesk.com/finance...on-411786.html
Single-Step Income Statement | AccountingCoach.com

I would suggest that you organize your accounts by account classification first.
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