Use the Following Information to Prepare an Income Statement for Grandin

question 141

Essay

Use the following information to prepare an income statement for Grandin Company for the period ending December 31, 2012. All transactions were for cash.
A) Received revenue from services provided to customers, $28,500.
B) Paid $19,000 cash for land.
C) Paid operating expenses, $19,400.
D) Paid dividends to stockholders, $3,200.
E) Issued $16,000 of common stock.

• A) Received revenue from services provided to customers, $28,500.
• B) Paid $19,000 cash for land.
• C) Paid operating expenses, $19,400.
• D) Paid dividends to stockholders, $3,200.
• E) Issued $16,000 of common stock.

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