These financial statement items are for Whitnall Corporation at year-end, July 31, 2012.?
salaries , wages payable $ 2,080
salaries , wages expense 57,500
supplies expense 15,600
equipment 18,500
accounts payable 4,100
service revenue 66,100
rent revenue 8,500
notes payable (due in 2015) 1,800
common stock 16,000
cash 29,200
accounts receivable 9,780
accumulated depreciation-equipment 6,000
dividends 4,000
depreciation expense 4,000
retained earnings (beginning of year) 34,000
(a) prepare income statement , retained earnings statement year. whitnall corporation did not issue new stock during year.
(b) prepare classified balance sheet @ july 31.
salaries , wages payable $ 2,080 salaries , wages expense 57,500 supplies expense 15,600 equipment 18,500 accounts payable 4,100 service revenue 66,100 rent revenue ...
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