As of December 31, 2019, Audi Company's financial records show the following items and amounts. Cash $2,000 Accounts receivable 1,800 Supplies 1,200 Equipment 1,000 Accounts payable 3,700 A. Audi, Capital, Dec. 31, 2018. 1,700 A. Audi, Capital, Dec. 31, 2019.2,300 A. Audi, Withdrawals $2,600 Consulting revenue.6,600 Rental revenue. 4,400 Salaries expense 4,000 Rent expense. 2,400 Selling and administrative expenses 1,600 Required Prepare the 2019 year-end income statement for Audi Company.
As of December 31, 2019, Audi Company's financial records show the following items and amounts. Cash $2,000 Accounts receivable 1,800 Supplies 1,200 Equipment 1,000 Accounts payable 3,700 A. Audi, Capital, Dec. 31, 2018. 1,700 A. Audi, Capital, Dec. 31, 2019.2,300 A. Audi, Withdrawals $2,600 Consulting revenue.6,600 Rental revenue. 4,400 Salaries expense 4,000 Rent expense. 2,400 Selling and administrative expenses 1,600 Required Prepare the 2019 year-end income statement for Audi Company.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...
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![As of December 31, 2019, Audi Company's financial records show the following items and
amounts. Cash $2,000
Accounts receivable 1,800
Supplies 1,200
Equipment 1,000
Accounts payable 3,700
A. Audi, Capital, Dec. 31, 2018. 1,700
A. Audi, Capital, Dec. 31, 2019. 2,300
A. Audi, Withdrawals $2,600
Consulting revenue. 6,600
Rental revenue. 4,400
Salaries expense 4,000
Rent expense. 2,400
Selling and administrative expenses 1,600 Required
Prepare the 2019 year-end income statement for Audi Company.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa855132b-2a5e-4e21-96ca-021a20fbb30b%2F1a41403a-deb7-40b9-a989-6e5a99a58002%2F1bz15ao_processed.jpeg&w=3840&q=75)
Transcribed Image Text:As of December 31, 2019, Audi Company's financial records show the following items and
amounts. Cash $2,000
Accounts receivable 1,800
Supplies 1,200
Equipment 1,000
Accounts payable 3,700
A. Audi, Capital, Dec. 31, 2018. 1,700
A. Audi, Capital, Dec. 31, 2019. 2,300
A. Audi, Withdrawals $2,600
Consulting revenue. 6,600
Rental revenue. 4,400
Salaries expense 4,000
Rent expense. 2,400
Selling and administrative expenses 1,600 Required
Prepare the 2019 year-end income statement for Audi Company.
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