Concord Company | ||
Income Statement | ||
For the Year Ended July 31, 2022 | ||
Revenues | ||
Service revenue | 65,000 | |
Rent revenue | 6,000 | |
Total revenue | 71,000 | |
Expenses: | ||
Salaries and wages expense | 7,500 | |
Utilities expense | 56,000 | |
Depreciation expense | 14,800 | |
Total expenses | -78,300 | |
Net Loss | ($7,300) |
Concord Company | ||
Statement of Retained Earnings | ||
For the Year Ended July 31, 2022 | ||
Beginning retained earnings | 26,800 | |
Less: Net Loss | -7,300 | |
Less:Dividends | -16,000 | |
-23,300 | ||
Retained earnings, Ending | $3,500 |
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Please fill out the table. Concord Company ended its fiscal year on July 31, 2022. The...
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