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Question
The records of Roadmaster Auto Rentals, Inc. show the following information as of December 31. The owner, Rob Fletcher, the sole stockholder, received a dividend of $52,000 during the year.. Prepare a December income statement, a December statement of retained earnings, and a December 30 balance sheet.| Accounts payable | $36,000 | Wages expense | $75,000 | |
| Insurance expense | 2,000 | Advertising expense | 22,000 | |
| Accounts receivable | 24,000 | Cash | 11,000 | |
| Retained earnings, | ||||
| January 1 | 150,000 | Office Furniture | 15,000 | |
| Airplanes | 150,000 | Maintenance expense | 39,000 | |
| Notes payable | 47,000 | Revenues | 217,000 | |
| Hangar | 60,000 |
Answer
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Variable manufacturing overhead
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Direct materials
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Match the following
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