Chapter 3 - SE 8

Chapter 3 - SE 8 - $350 Shimura Company Statement of...

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SE 7 Shimura Company Income Statement For the Month Ended December 31, 20x7 Revenues Service Revenue $1,300 Expenses Rent Expense $200 Wages Expense 450 Utilities Expense 100 Telephone Expense 25 Income Tax Expense 175 Total Expenses $950 Net Income
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Unformatted text preview: $350 Shimura Company Statement of Retained Earnings For the Month Ending December 31, 20x7 Retained Earnings $4,300 Net Income 350 Subtotal $4,650 Less Dividends 175 Retained Earnings, December 31, 20x7 $4,475...
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