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BUS4060 - u03a2 Template Problem 3-8A (Use the Tab key at the end of each table to add more lines.) Part 1 SHARP CONSTRUCTION Income Statement For...

I do not understand how to do these statements
BUS4060 – u03a2 Template Problem 3-8A (Use the Tab key at the end of each table to add more lines.) Part 1 SHARP CONSTRUCTION Income Statement For Year Ended December 31, 2011 Revenues: Professional fees earned 96,000.00 Accumulated depreciation - Equipment 20,000 Accumulated depreciation – Building 55,000 Rent earned 1,900.00 Retained Earnings 62,700.00 Total Revenues: 235,600.00 Expenses Depreciation expense – Building 10,000.00 Depreciation expense –Equipment 5,000.00 Wages expense 31,000.00 Insurance expense 9,000.00 Rent expense 12,400.00 Supplies expense 6,400.00 Postage expense 3,200.00 Property taxes expense 4,000.00 Repairs expense 7,900.00 Telephone expense 2,200.00 Utilities expense 3,600.00 Total expenses: 94,700.00 Net Income 140,900.00
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SHARP CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2011 SHARP CONSTRUCTION Balance Sheet December 31, 2011
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This question was asked on Jan 25, 2013.

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