On December 31, Hawkin’s records show the following accounts. Use this information to prepare a December income statement for Hawkin. Equipment..$3,000Accounts receivable.....$ 600Wages expense.$8,000..... ........-....--Cash..2,400Services revenue16,000Utilities expense .700Rent expense.1,500Accounts payable.6,000

Name: On December 31, Hawkin’s records show the following accounts. Use this
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Description: On December 31, Hawkin’s records show the following accounts. Use this information to prepare a December income statement for Hawkin. Equipment..$3,000Accounts receivable.....$ 600Wages expense.$8,000..... ........-....--Cash..2,400Services revenue16

The statement of income shows the items of expenditure and income and the net balance of this…

Business

Accounting

Equipment.. $3,000 Accounts receivable..... $ 600 Wages expense. $8,000 ..... ... .... .-....-- Cash.. 2,400 Services revenue 16,000 Utilities expense . 700 Rent expense. 1,500 Accounts payable. 6,000

Equipment.. $3,000 Accounts receivable..... $ 600 Wages expense. $8,000 ..... ... .... .-....-- Cash.. 2,400 Services revenue 16,000 Utilities expense . 700 Rent expense. 1,500 Accounts payable. 6,000

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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