The adjusted trial balance of Kwun Company Inc. at December 31, 2011, includes the following…
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The adjusted trial balance of Kwun Company Inc. at December 31, 2011, includes the following accounts (in thousands): Share Capital—Ordinary W15,600: Dividends W6,000: Service Revenue W35,400: Salaries Expense W16,000: Insurance Expense W2,000: Rent Expense W4,000: Supplies Expense W1,500: and Depreciation Expense W1,300. Prepare an income statement for the year. (Present amounts in thousands.)View Solution:
The adjusted trial balance of Kwun Company Inc at December
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