Accounts Les expense mts payable med earnings cies expense ies ce revenue n stock Balances $4,200 1,600 2,200 4,400 1,100 12,600 8,100 4,800
Accounts Les expense mts payable med earnings cies expense ies ce revenue n stock Balances $4,200 1,600 2,200 4,400 1,100 12,600 8,100 4,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts
Cash
Salaries expense
Accounts payable
Retained earnings
Utilities expense
Supplies
Service revenue
Common stock
Expenses:
Balances
$ 4,200
1,600
2,200
Total expenses
4,400
1,100
Required:
Use only the appropriate accounts to prepare an income statement.
12,600
8,100
4,800
COWBOY LAW FIRM
Income Statement
For the Period Ended December 31](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb4b95c6b-9907-45ce-a9e8-2c992d33c78f%2Fe01e7507-b2ae-49e2-95c6-b0d591486d82%2F3ub1zsh_processed.png&w=3840&q=75)
Transcribed Image Text:Below are the account balances for Cowboy Law Firm at the end of
December.
Accounts
Cash
Salaries expense
Accounts payable
Retained earnings
Utilities expense
Supplies
Service revenue
Common stock
Expenses:
Balances
$ 4,200
1,600
2,200
Total expenses
4,400
1,100
Required:
Use only the appropriate accounts to prepare an income statement.
12,600
8,100
4,800
COWBOY LAW FIRM
Income Statement
For the Period Ended December 31
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