Business, 23.05.2020 02:04 02lesmun16219

On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue $ 72,000 Rent expense 12,200 Postage expense 1,200 Salaries expense 20,000 Legal fees expense 2,200 Supplies expense 12,000 In addition, the balance of common stock at the beginning of the year was $155,000, and the balance of retained earnings was $28,000. During the year, the company issued additional shares of common stock for $22,000 and paid dividends of $12,000.
a. Prepare an income statement.
b. Prepare a statement of stockholders’ equity.

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On December 31, 2021, Fighting Okra Cooking Services reports the following revenues and expenses. Se...

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