presented here are the accounts of town and country realty for the year ended decemb 4372980

Presented here are the accounts of Town and Country Realty for the year ended December 31, 2016: Land ………… $ 5,000 Notes Payable ……… 36,000 Property Tax Expense …… 3,400 Dividends ……… 32,000 Rent Expense ………. 10,000 Salaries Expense ……. 69,000 Salaries Payable ……. 1,500 Service Revenue ……. 180,000 Office Supplies ……. 12,000 Retained Earnings, 12/31/15 …. 57,000 Common Stock ……. $ 28,000 Accounts Payable ……. 14,000 Accounts Receivable ……. 1,000 Advertising Expense ……. 14,000 Building ………… 144,600 Cash ………….. 3,800 Equipment ……….. 13,000 Insurance Expense ……. 2,200 Interest Expense ……. 6,500 Requirements 1. Prepare Town and Country Realty’s income statement. 2. Prepare the statement of retained earnings. 3. Prepare the balance sheet. View Solution:
Presented here are the accounts of Town and Country Realty

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