Cash Accounts receivable Land Accounts payable Salaries payable Unearned revenue $ 50,000 Services revenue. 45,000 Rental revenue. 65,000 Salaries expense 30,000 Insurance expense 2,000 Advertising expense 8,000 Income Statement $ 110,000 10,000 60,000 15,000 5,000

Cash Accounts receivable Land Accounts payable Salaries payable Unearned revenue $ 50,000 Services revenue. 45,000 Rental revenue. 65,000 Salaries expense 30,000 Insurance expense 2,000 Advertising expense 8,000 Income Statement $ 110,000 10,000 60,000 15,000 5,000

Name: Use the following select financial information to prepare a December
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Description: Use the following select financial information to prepare a December 31 income statement.CashAccounts receivableLand$ 50,000 Services revenue45,000 Rental revenue.65,000 Salaries expense30,000 Insurance expenseAccounts payableSalaries payable2,000 A

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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