Prepare-an-Income-Statement

Prepare-an-Income-Statement

This information relates to Whispering Winds Corp. for the year 2017. Retained earnings, January 1, 2017 $80,400 Advertising expense 2,160 Dividends 7,200 Rent expense 12,480 Service revenue 69,600 Utilities expense 2,880 Salaries and wages expense 36,000

After analyzing the data, prepare an income statement for the year ending December 31, 2017. Whispering Winds Corp. Income Statement For the Month Ended December 31, 2017December 31, 2017For the Year Ended December 31, 2017 DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $ DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $ Dividends Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $ SHOW LIST OF ACCOUNTS LINK TO TEXT

After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings first.) Whispering Winds Corp. Retained Earnings Statement December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $ AddLess : DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues AddLess : DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues $

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