Do It Review 1-3 Marsh Corporation
Do It! Review 1-3
Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014.
Accounts payable $ 8,230 Notes payable $ 13,460
Accounts receivable 5,230 Rent expense 13,230
Advertising expense 4,260 Retained earnings ?
Cash 6,330 Service revenue 31,460
Common stock 18,230 Supplies 5,130
Dividends 5,730 Supplies expense 1,440
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Prepare an income statement for Marsh Corporation.
Prepare a retained earnings statement for Marsh Corporation. (List items that increase retained earnings first.)
Prepare a balance sheet for Marsh Corporation. (List assets in order of liquidity.)