The following information relates to Reeses Super Tune Company for the year 2020: Retained earnings,...
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Accounting
The following information relates to Reeses Super Tune Company for the year 2020:
Retained earnings, January 1, 2020 $21,770
Advertising expense 675
Dividends paid during 2020 3,000
Rent expense 8,700
Service revenue76,350
Utilities expense 4,810
Salaries and wages expense 34,940
Supplies Expense 11,845
Required After analyzing the above data, prepare in good form with proper headings and dates, the following two statements:
1.Income Statement
2.Retained Earnings Statement.
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