0 ences exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Mc Graw Hill Cash Accounts receivable office supplies office equipment Land Accounts payable Common stock $ 12,040 Cash dividends 13,720 Using the above information prepare a December income statement for the business. Consulting revenue Rent expense 2,990 17,710 Salaries expense 45,940 Telephone expense 8,230 Miscellaneous expenses 83,660 ERNST CONSULTING Income Statement 0 < Prev 7 S 8 9 of 9 $ 1,760 13,720 3,210 6,690 870 680 Next >

0 ences exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Mc Graw Hill Cash Accounts receivable office supplies office equipment Land Accounts payable Common stock $ 12,040 Cash dividends 13,720 Using the above information prepare a December income statement for the business. Consulting revenue Rent expense 2,990 17,710 Salaries expense 45,940 Telephone expense 8,230 Miscellaneous expenses 83,660 ERNST CONSULTING Income Statement 0 < Prev 7 S 8 9 of 9 $ 1,760 13,720 3,210 6,690 870 680 Next >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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