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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objective 5: Construct an income statement and a statement of retained earnings) This exercise should be used with Exercise 1-20A. Refer to the data of Alan Sanders Realty Company in Exercise 1-20A.
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Exercise 1-20A
(Learning Objectives 3, 5: Apply the accounting equation; construct a balance sheet) Amounts of the assets and liabilities of Alan Sanders Realty Company, as of July 31, 2014, are given as follows. Also included are revenue, expense, and selected stockholders’ equity figures for the year ended on that date (amounts in millions):

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