Friday, 12 October 2012


e1-12
The following information relates to Linda Stanley Co. For the year 2008  
Linda Stanley, Capital, January 1, 2008        $48,000       
Advertising expense                                      $1,800
 Linda stanlet, drawing during 2008              6,000    
Rent expense                                                 10,400 
Service revenue                                              62,500         
Utilities expense                                             3,100 
Salaries expense                                            30,000   
Instructions 
After analyzing the data, prepare an income statement and an owner's equity statement for the year ending December 31,2008. 
 




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