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acc102 jan 29 - 2,400(500 Less Dividens(700(300 Ending...

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Income Statement for the year ended 12/31/06 12/31/2007 REV: Service Revenue 6,700 7,400 EXP: Expenses (4,300) (7,900) NET INCOME 2,400 (500) Statemnet of changes for SE for the year ended 12/31/06 Beginning Common Stock 9,000 13,500 Plus: Common Stock Issued 4,500 2,500 Ending Common Stock 13,500 16,000 Beginning Retained Earning 600 2,300 Plus: Net Income
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Unformatted text preview: 2,400 (500) Less: Dividens (700) (300) Ending Retained Earnings 2,300 1,500 Balance Sheet December 31, 2006 December 31,2007 Assets: Cash 18,800 12,500 Land - 9,000 Total Assets 18,800 21,500 Liabilities: 3,000 4,000 Stockholder Equity: Common Stock 13,500 16,000 Retained Earning 2,300 1,500 Total SE 15,800 17,500 Total L + SE 18,800 21,500...
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