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Unformatted text preview: ................................................ Rent Revenue ($76,200 + $3,800 + $800) ................ Salaries and Wages Expense ($44,800 + $375) ..... Utilities Expenses .................................................... Maintenance and Repair Expense .......................... Insurance Expense .................................................. Supplies Expense .................................................... Depreciation Expense—Buildings .......................... Depreciation Expense—Equipment ....................... Interest Expense ...................................................... 9,000 5,000 80,800 45,175 9,200 3,600 1,125 2,150 1,080 360 1,200 $249,115 $249,115 EXERCISE 3-11 (a) ANDERSON COOPER CO. Income Statement For the Year Ended December 31, 2014 Revenues Service revenue ....................................................... Expenses Salaries and wages expense .................................. Rent expense ........................................................... Depreciation expense ............................................. Interest expense ...................................................... Net Income .......................................................................... (b) $11,590 $6,840 2,260 145 83 9,328 $ 2,262 ANDERSON COOPER CO. Statement of Retained Earnings For the Year Ended December 31, 2014 Retained earnings, January 1 ............................................................. $11,310 Add: Net income........................
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This document was uploaded on 03/26/2014.

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