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-   -   Income statement preparation (https://www.askmehelpdesk.com/showthread.php?t=411786)

  • Nov 1, 2009, 05:51 PM
    deborah45
    Income statement preparation
    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
  • Nov 2, 2009, 12:04 AM
    morgaine300

    There are sample statements here:
    https://www.askmehelpdesk.com/financ...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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