WileyPLUS Assignment - Week 1 Assignment 4.25.16 - Accounts...

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Accounts payable Notes payable Accounts receivable 6,260 Rent expense 14,260 Advertising expense 4,410 Retained earnings ? Cash 7,360 Service revenue 33,520 Common stock 19,260 Supplies 6,160 Dividends 6,760 Supplies expense 1,290 Equipment 31,060 Marsh Corporation Income Statement For the year ended December 31,2014 Revenue Service Revenue 33,520 Expenses Rent Expense 14,260 Advertising Expense 4,410 Supplies Expense 1,290 Total Expenses 19,960 Net Income / (Loss) 13,560 Marsh Corporation retained Earnings Statement For the year ended December 31, 2014 Balnces as $ - Add: Net Income $ 13,560.00 $ 13,560.00 Less: Dividends $ 6,760.00 Retained Earnings $ 6,800.00 Assets Cash $ 7,360.00 Accounts Receivable $ 6,260.00 Supplies $ 6,160.00 Equipment $ 31,060.00 Total Assets $ 50,840.00 Liabilities and Stockholders' Equity Liabilities Notes Payable Accounts Payable Total Liablities $ 24,780.00 $ 9,260 $ 15,520 $ 15,520 $ 9,260
Stockholders' Equity Common Stock $ 19,260.00 Retained Earnings $ 6,800.00 Total Stockholders' equity $ 26,060.00 Total liablities and Stockholders' equity $ 50,840.00

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