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deborah45
Nov 1, 2009, 05:51 PM
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

morgaine300
Nov 2, 2009, 12:04 AM
There are sample statements here:
https://www.askmehelpdesk.com/finance-accounting/income-statement-preparation-411786.html
Single-Step Income Statement | AccountingCoach.com (http://www.accountingcoach.com/online-accounting-course/04Xpg03.html)

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