Prepare town and country realty income statement

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Presented here are the accounts of Town and Country Realty for the year ended December 31?, 2018.

land 14000

note payable 34,000

property tax expense 2,300

dividends 28, 000

rent expense 70, 000

salaries payable 700

service revenue 235,000

office supplies 12,000

retained earnings, dec 31, 2917.

common stock 34,000

accounts payable 11,000

account recievable 700

advrtising exp 12, 000

building 184, 400

cash 2, 400

equipment 21, 000

insurance exp 2, 200

interest exp 6,700

Problem 1: Prepare Town and Country Realty's income statement.

Reference no: EM132642260

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