Pick one December 31, 2017 For the month ended December 31,2017 For the year end
ID: 2332598 • Letter: P
Question
Pick one December 31, 2017 For the month ended December 31,2017 For the year ended December 31, 2017 lome Read, Study&prai ssignment> Open Assignment Exercise 1-4 (Part Level Submission) This information relates to Concord Corporation for the year 2017. Retained earnings, January 1, 2017 Advertising expense Dividends Rent expense Service revenue Utilities expense Salaries and wages expense $72,360 1,944 6,480 11,232 62,640 2,592 32,400 After analyzing the data, prepare an income statement for the year ending December 31, 2 Concord Corporation Income Statement License Aareement 1 Privacy Policy 1 2000-2018 John Wiley & Sons. Inc. All Rights Reserved. A DiviExplanation / Answer
Concorde Corporation Income statement For the year ending December 31, 2017 Revenue: Service revenue 62640 Expenses: Advertising expense 1944 Rent expenses 11232 Utilities expense 2592 Salaries expense 32400 Total expenses 48168 Net income 14472