This information relates to Nashs Trading Post LLC for the y

This information relates to Nash\'s Trading Post, LLC for the year 2017.

Retained earnings, January 1, 2017		$68,340
Advertising expense		1,836
Dividends		6,120
Rent expense		10,608
Service revenue		59,160
Utilities expense		2,448
Salaries and wages expense		30,600

This information relates to Nash\'s Trading Post, LLC for the year 2017.

Retained earnings, January 1, 2017		$68,340
Advertising expense		1,836
Dividends		6,120
Rent expense		10,608
Service revenue		59,160
Utilities expense		2,448
Salaries and wages expense		30,600

SHOW LIST OF ACCOUNTS

Exercise 1-4

This information relates to Nash\'s Trading Post, LLC for the year 2017.

Retained earnings, January 1, 2017		$68,340
Advertising expense		1,836
Dividends		6,120
Rent expense		10,608
Service revenue		59,160
Utilities expense		2,448
Salaries and wages expense		30,600

$\"\"$

Prepare income statement :

Prepare retained earnings statement :

REVENUE
Service revenue		59160
EXPENSES
Utilities expenses	(2448)
Advertising expenses	(1836)
Salaries and wages expenses	(30600)
Rent expenses	(10608)
Total expenses		(45492)
Net Income		13668

$This information relates to Nash\'s Trading Post, LLC for the year 2017. Retained earnings, January 1, 2017 $68,340 Advertising expense 1,836 Dividends 6,120 R$

This information relates to Nashs Trading Post LLC for the y

Exercise 1-4

Solution

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