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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 |
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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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