Assume that the following items were included in the Retained Earnings column in the
summary of transactions for Cinck Company for July 2010:
|
Salaries expense |
$120,000 |
|
Service revenue |
300,000 |
|
Gas and oil expense |
27,000 |
|
Rent expense |
48,000 |
|
Dividends paid |
40,000 |
Prepare an income statement for July 2010.