Southern Express Enterprises _Income Statement

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Description

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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