90.2K
Verified Solution
Link Copied!
These financial items are for Anna Co Service at year-end, December 31, 2020
| Salaries and Wages expense | 405,000 | Dividends | 25,000 |
| Utilities expense | 41,000 | Retained earnings at the beginning | 27,000 |
| Service Revenue | 945,000 | Accumulated depreciation- Equipment | 6,000 |
| Rent revenue | 32,400 | Depreciation expense | 37,200 |
| Share capital - ordinary | 60,000 | | |
Instructions:
Prepare an income statement for the year ended December 31, 2020
Answer & Explanation
Solved by verified expert
