Problem 7-26

Na 500 interest exp na na na

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Unformatted text preview: 1,200 1,500 40,000 (1,200) NA NA 8,700 NA NA NA 500 NA NA (2,000) (40,000) NA NA NA (7,200) NA NA 1,500 0 0 - 0- 46,500 NA NA NA 145,000 Service rev. NA (500) Interest exp. NA NA NA (85,000) Opera. Exp. NA NA 0 106,000 b) Artesia Co. Income Statement For the Year Ended December 31, 2012 Service Revenue Expenses Operating Expenses Total Operating Expenses Operating Income Interest Expense Net Income 120,000 72,000 72,000 48,000 (1,500) 46,500 Artesia Co. Statement of Changes of Stockholders’ Equity For the Year Ended December 31, 2012 Common...
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This document was uploaded on 03/24/2014.

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