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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