Mathematics, 21.09.2021 01:00 jasiyous21
Problem 1. The following information relates to Ty Ringo Co. for the year 2011.
Owner’s Capital, January 1, 2011 $ 47,000 Advertising expense $1,500
Owner’s drawings 6,000 Rent expense 9,500
Service revenue 62,500 Utilities expense 3,400
Salaries expense 29,000
Instructions
After analyzing the data, prepare an income statement and Owner’s Equity statement for the
year ending December 31, 2011
Answers: 3
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Problem 1. The following information relates to Ty Ringo Co. for the year 2011.
Owner’s Capital, J...
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