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Prepare an income statement-retained earnings

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Reference no: EM13147152

These financial statement items are taken from the financial statements of Drew Corporation for the year ended December 31, 2010.

Retained earnings (beginning of year) $31,000

Is.Utilities expense 2,000

BSA.Equipment 66,000

BSL.Accounts payable 13,300

BSA.Cash 17,900

BSL.Salaries payable 3,000

BSS.Common stock 13,000

RE.Dividends 12,000

IS.Service revenue 82,000

BSA.Prepaid insurance 3,500

IS.Repair expense 1,800

IS.Depreciation expense 14,200

BSA.Accounts receivable 37,000

BSA.Accumulated depreciation 17,600

Prepare an income statement, a retained earnings statement, and a balance sheet as of December 31, 2010.

Reference no: EM13147152

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