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As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31

As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 7QY: The schedule of accounts payable lists each creditors account balance, and the total equals the...
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As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31
Transcribed Image Text:As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31
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