|
The following information relates to David Pande Co. for the year 2014.
|
Owner’s capital, January 1, 2014
|
|
$65,083
|
|
Advertising expense
|
|
$ 2,441
|
|
Owner’s drawings during 2014
|
|
8,135
|
|
Rent expense
|
|
14,101
|
|
Service revenue
|
|
86,235
|
|
Utilities expense
|
|
4,203
|
|
Salaries and wages expense
|
|
39,999
|
|
|
|
|
Warning
|
After analyzing the data, prepare an income statement for the year ending December 31, 2014.
|
DAVID PANDE CO.
Income Statement
For the Year Ended December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$After analyzing the data, prepare an owner’s equity statement for the year ending December 31, 2014. (List items that increase owner’s equity first.)
|
DAVID PANDE CO.
Owner’s Equity Statement
For the Year Ended December 31, 2014
|
|
|
$:
|
:
|
|
$[removed]
|
Warning
|
|
|
0 comments