The assets, iabilities, and equites of Dunham Design Studio have the tollowing b

Question

The assets, iabilities, and equites of Dunham Design Studio have the tollowing balances at December 31, 2018. The owner, Ron Ingram, began the year with a $33,300 capital balance, contributed $11,000, and withdrew $52,000 during the year (Click the icon to view the eccount balances.) Propare the income statement tor Dunham Design Studio tor the yr endng December 31, 2018. Data Table s 9400 Office Furniture Noles Payable Rent Expense Cash Oflice Supplies Salaries Expense Property Tax Expense S 45,800 ,100 3,500 155,200 7,100 3,500 19,000 Uities Expense 3,800 Accounts Payable 4.000 Service Revenue 68,000 Accounts Receivable 1,300 Miscellaneous Expense Print Done Net Incone

Explanation / Answer

DUNHAM DESIGN STUDIO Income Statement Year Ended December 31, 2018 Revenue: Service Revenue 155200 Expenses: Salaries Expense 68000 Rent Expense 19000 Utilities Expense 7100 Miscellaneous Expense 3500 Property Tax Expense 1300 Total Expenses 98900 Net Income 56300

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.