This information relates to Denson Co. for the year 2010.
|
Retained earnings, January 1, 2010 |
$64,000 |
|
Advertising expense |
1,800 |
|
Dividends paid during 2010 |
6,000 |
|
Rent expense |
10,400 |
|
Service revenue |
53,000 |
|
Utilities expense |
2,400 |
|
Salaries expense |
30,000 |
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2010.