Prepare and income statement retained earnings statement

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Reference no: EM13482972

Cash                                                                            6,100

Laundry Supplies                                                           9,560

Prepaid Insurance                                                         8,490

Laundry Equipment                                                        105,100

Accumulated

Depreciation Laundry Equipment                                     40,200

Accounts Payable                                                                                6,100

Mortgage Payable                                                                               10,000

Capital Stock                                                                                       6,000

Retained Earnings 1-1-2003                                                                 31,800

Dividends                                                                   2,000

Laundry Revenue                                                                                170,900

Wages Expense                                                           61,400

Rent Expense                                                              36,000

Utilities Expense                                                          10,000

Insurance Expense                                                      13,650

Miscellaneous Expense                                                 12,700    

Total                                                                            265,000            265,000

Prepare and income statement, retained earnings statement and balance statement for Steve's Laundry for the year ending December 31, 2003.

Reference no: EM13482972

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