(Answered) Problem - prepare bisceglias income statement statement of

Accounting

Problem - Prepare Bisceglia's income statement, statement of retained earnings, and balance sheet for the year ending December 31, 20X5. The following information is all that is available. Be sure to prepare proper headings and dates on each financial statement.

Capital stock $41,000 Rent expense $10,000

Wage expense 37,000 Accounts payable 4,000

Revenue 90,000 Equipment 80,000

Cash 9,000 Dividends 5,000

Utilities expense 6,000 Accounts receivable 19,000

Beginning retained earnings 11,000 Notes payable 20,000

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