Accounting test 1 bonus - Tresh Corporation Income...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Tresh Corporation Income Statement For The Year of 2014 Revenues Service Revenue $68,000 Expenses Utilities Expense $2,000 Maintenance and Repairs Expense 1,800 Depreciation Expense 3,600 Insurance Expense 2,200 Salaries and Wages Expense 37,000 Total Expense $46,600 Net income/loss $21,400
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Tresh Corporation Retained Earnings Statement 31-Dec-14 Retained Earnings (Beginning of year) $31,000 Add: net income 21,400 $52,400 Less: Dividends 12,000 Retained Earnings, December 31, 2014 $40,400
Image of page 2
Tresh Corporation Balance Sheet 31-Dec-14 Assets Current Assets Cash $10,100 Accounts Receivable 11,700
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern