29 Jun Question 117. Southern Express Enterpri
Question
117. Southern Express Enterprises gathered together the following information refarding the assets, liability, stockholder’s equity, revenue and expense accounts as of the end of its first year in operations, June 30, 2004:
Rent Expenses 7500
Truck 14600
Supplies 2500
Salary expense 19400
Accounts receivable 8200
Note payable 11000
Common stock 25000
Dividends 10200
Accounts payable 6700
Service revenue 45500
Salary payable 1200
Utilities expense 5000
Interest expense 1500
Cash 20500
Prepare an Income statement for Southeren Express Enterprises for the year ended June 30, 2004
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