E1-4 This information relates to Molina Co. for the year 2014. Retained earnings, January 1, 2014 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $67,000 1,800 6,000 10,400 58,000 2,400 30,000 Instructions After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.
E1-4 This information relates to Molina Co. for the year 2014. Retained earnings, January 1, 2014 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $67,000 1,800 6,000 10,400 58,000 2,400 30,000 Instructions After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.1.1P: Income statement, retained earnings statement, and balance sheet The amounts of the assets and...
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