Class+Exercise+from+2-4-09

Class+Exercise+from+2-4-09 - 7,000 Less: Dividends 2,000...

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Name ____________________________ Date __________ TURNER COMPANY Income Statement For the Month Ended July 31, 2008 Service revenue Expenses: Rent expense Courier expense Salaries expense Total expenses Net income TURNER COMPANY Statement of Retained Earnings For the Month Ended July 31, 2008 Retained earnings, July 1 $ -0- Add: Net income in July 7,000 Total $
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Unformatted text preview: 7,000 Less: Dividends 2,000 Retained earnings, July 31 $ 5,000 TURNER COMPANY Balance Sheet July 31, 2008 Assets: Cash Accounts receivable Office equipment TOTAL ASSETS Liabilities: Accounts payable Notes payable Total Liabilities Stockholders Equity: Capital stock Retained earnings Total Stockholders Equity TOTAL LIABILITIES & STOCKHOLDERS EQUITY...
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Class+Exercise+from+2-4-09 - 7,000 Less: Dividends 2,000...

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