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Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A list of accounts and their balances of Young's Beauty Salon, at its year end December 31, 2024, is presented below. Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Young, Drawings Unearned Revenue $6,914 6,930 44,100 21,676 69,426 7,938 3,150 Equipment Cash Supplies Expense S. Young, Capital Salaries Expense Supplies Telephone Expense 82,908 3,772 4,985 65,709 54,558 4,012 2,520

Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A list of accounts and their balances of Young's Beauty Salon, at its year end December 31, 2024, is presented below. Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Young, Drawings Unearned Revenue $6,914 6,930 44,100 21,676 69,426 7,938 3,150 Equipment Cash Supplies Expense S. Young, Capital Salaries Expense Supplies Telephone Expense 82,908 3,772 4,985 65,709 54,558 4,012 2,520

FINANCIAL ACCOUNTING
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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Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Transcribed Image Text:Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
A list of accounts and their balances of Young's Beauty Salon, at its year end December 31, 2024, is presented below. Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Young, Drawings Unearned Revenue $6,914 6,930 44,100 21,676 69,426 7,938 3,150 Equipment Cash Supplies Expense S. Young, Capital Salaries Expense Supplies Telephone Expense 82,908 3,772 4,985 65,709 54,558 4,012 2,520
Transcribed Image Text:A list of accounts and their balances of Young's Beauty Salon, at its year end December 31, 2024, is presented below. Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Young, Drawings Unearned Revenue $6,914 6,930 44,100 21,676 69,426 7,938 3,150 Equipment Cash Supplies Expense S. Young, Capital Salaries Expense Supplies Telephone Expense 82,908 3,772 4,985 65,709 54,558 4,012 2,520
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