Required information As of December 31, 2019, Armani Companys financial records show the following items...
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Accounting
Required information
As of December 31, 2019, Armani Companys financial records show the following items and amounts.
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| Cash |
| $ | 11,400 |
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| Accounts receivable |
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| 10,400 |
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| Supplies |
|
| 7,400 |
|
| Equipment |
|
| 6,400 |
|
| Accounts payable |
|
| 13,800 |
|
| Common stock |
|
| 15,400 |
|
| Retained earnings, Dec. 31, 2018 |
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| 4,400 |
|
| Retained earnings, Dec. 31, 2019 |
|
| 6,400 |
|
| Dividends |
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| 14,400 |
|
| Consulting revenue |
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| 35,800 |
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| Rental revenue |
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| 24,800 |
|
| Salaries expense |
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| 21,400 |
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| Rent expense |
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| 13,400 |
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| Selling and administrative expenses |
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| 9,400 |
|
Required: Prepare the 2019 year-end income statement for Armani Company.
| ARMANI COMPANY | |||
| Income Statement | |||
| For Year Ended December 31, 2019 | |||
| Revenues |
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| $0 |
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| Expenses |
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| |||
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| |||
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|
| |||
| Total expenses | 0 |
| |
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