CSU Corporation began operations on January 1, 2010. The following information is available for CSU Corporation on December 31, 2010: Service revenue $17,000
|
Accounts receivable |
1,800 |
Common stock |
10,000 |
Supplies |
4,000 |
|
Accounts payable |
2,000 |
Retained earnings |
? |
Supplies expense |
200 |
|
Building rental expense |
9,000 |
Equipment |
16,000 |
Cash |
1,400 |
|
Notes payable |
5,000 |
Insurance expense |
1,000 |
Dividends |
600 |
Prepare an income statement, a retained earnings statement, and a balance sheet using this information.