T. Below is a list of accounts of Robinhood Security Services. Prepare a single-step income statement for year endedJune 30, 2019. Comment on the Statement after, state if it is favorable or unfavorableService FeesP 355,00015000Rent Income38,00025,0008,0002,500Salaries & WagesRent ExpenseUtilities ExpenseSupplies ExpenseInterest ExpenseDepreciation Expense - Office EquipmentDepreciation Expense - Furniture and FixtureDividends IncomeGain on Sale of EquipmentMiscellaneous expenseTraining Expense7,00012,0005,00010,0002,0005,00015,000

solution: Particular Amount Revenues and gains Service fees P355,000 Rent…

Answered: June 30, 2019. Comment on the Statement…

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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Current Attempt in Progress Sunland Company collected $15760 in May of 2021 for 4 months of service which would take place from October of 2021 through January of 2022. The revenue reported from this transaction during 2021 would be: O $0. O $11820. O $15760, O $3940. Save for Later Attempts: 0 of 1 used Submit Answer
Insert a pie chart with a 2-D visual effect for 2018 using all expense items in a new worksheet called, “Comparing Expenses”. Include all relevant labels, titles (not shown) and legends while changing the default colors. Thom-Pierre Consultants (TPC) Tax Rate COMPARITIVE INCOME STATEMENT 30% for years ended 31 December 2018 2019 Revenues and gains *Sales revenue *Interest revenue *Investment Income *Other revenue Total revenue and gains Expenses and losses **Cost of goods sold 460,000 **Selling and admin administrative 195,000 ***Computer (operating) **Depreciation 55,000 **Interest expense 25,200 Total expenses and losses Income before taxes Income tax expense (30%) Net Income
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