Linda’s Lampshades started business on Jan. 1, 2001. The company reported the following data as of January 31, 2001.
Linda’s Lampshades started business on Jan. 1, 2001. The company reported the following data as of January 31, 2001. Retained Earnings January 1, 2001 21,500 Accounts Receivable 28,000 Net Revenue 175,500 Accounts Payable 40,000 Insurance Expense 10,000 Common Stock 10,500 Salary Expense 15,000 Buildings 100,000 Depreciation Expense 4,000 Salary Payable 9,000 Dividends Payable 6,100 Supplies 5,000 Accumulated Deprecation, buildings 93,700 Cost of goods sold 136,000 Cash 20,800 Land 6,300 Additional Paid in Capital 12,000 Inventory 35,000 Prepaid Insurance 7,700 Prepare the income statement, statement of retained […]
