Marsh Corporation began operations on January 1, 2014 The...

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Do It! Review 1-3 Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014. Accounts payable $ 9,480 Notes payable $ 15,960 Accounts receivable 6,480 Rent expense 14,480 Advertising expense 4,120 Retained earnings ? Cash 7,580 Service revenue 33,960 Common stock 19,480 Supplies 6,380 Dividends 6,980 Supplies expense 1,580 Equipment 31,280 Prepare an income statement for Marsh Corporation. (List items that increase List assets in order of liquidity.) MARSH CORPORATION December 31, 2014 $ MARSH CORPORATION Income Statement For the Year Ended December 31, 2014 $ $ Revenues Service revenue 33960 Expenses 20180 13780 MARSH CORPORATION Retained Earnings Statement For the Year Ended December 31, 2014 $ : : $ Retained Earnings, January 1 0 Add Net Income / (Loss) 13780 13780 Less Dividends 6980 Retained Earnings, December 31 6800 cash 7580 ount receivables 6480
$ Liabilities and Stockholders' Equity $ $ $ $ supplies 6380 equipment 31280 Total Assets 51720 Liabilities accounts payable 9480 notes payable 15960 Total Liabilities 25440 Stockholders' Equity common stock 19480 etained earnings 6800 Total Stockholders' Equity 26280 Total Liabilities and Stockholders' Equity 51720 SUBMIT ANSWER

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