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    ERedrick's Avatar
    ERedrick Posts: 2, Reputation: 1
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    #1

    Sep 5, 2009, 06:56 AM
    Prepare income statement, retained earnings, & classified bal. sheet.
    Accounts payable: 15,000
    Accounts receivable: 11,000
    Accumulated depreciation-video equip: 28,000
    Advertising expense: 24,000
    Cash: 24,000
    Common stock: 90,000
    Depreciation expense: 18,000
    Dividends: 15,000
    Note payable (due 2010): 70,000
    Prepaid insur: 6,000
    Retained earnings (beginning): 12,000
    Salaries expense: 51,000
    Salaries payable: 3,000
    Service revenus: 145,000
    Supplies: 4,000
    video equip: 210,000
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 5, 2009, 05:49 PM

    Please see the guidelines for posting homework problems:
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