$12,000$10,500Accounts payable.Equipment...Salarles expense$3,9007,500Accounts recelvableV. Rivera, WithdrawalsOffice suppliesRental revenue..Advertising expense...9,0006,000Note recelvableConsulting revenue36,0004,500Rent expense.6,000Cash24,0001,500Unearned revenue.900Utilities expense..Note payable6001,2007,200Prepaid Insurance..3,000Income statement?

Formula: Net income = Total revenues - Total expenses

$12,000 $10,500 Accounts payable. $3,900 Equipment.. Salarles expense Accounts recelvable. V. Rivera, Withdrawals Office supplies Rental revenue. Advertising expense.. Prepaid Insurance. 9,000 6,000 Note recelvable 7,500 36,000 6,000 Consulting revenue Cash 4,500 Rent expense 24,000 1,500 Unearned revenue. 006 Utilities expense. 600 1,200 Note payable 7,200 3,000

$12,000 $10,500 Accounts payable. $3,900 Equipment.. Salarles expense Accounts recelvable. V. Rivera, Withdrawals Office supplies Rental revenue. Advertising expense.. Prepaid Insurance. 9,000 6,000 Note recelvable 7,500 36,000 6,000 Consulting revenue Cash 4,500 Rent expense 24,000 1,500 Unearned revenue. 006 Utilities expense. 600 1,200 Note payable 7,200 3,000

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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