On December 31, a company's monthly records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense $ 25,900 3,400 10,400 70,400 82,000 30,400 40,400 7,900 3,900 Use this information to prepare a December income statement. Income Statement For Month Ended December 31 Revenues Expenses Total expenses
On December 31, a company's monthly records show the following accounts. Cash Accounts receivable Supplies Land Services revenue Accounts payable Wages expense Rent expense Supplies expense $ 25,900 3,400 10,400 70,400 82,000 30,400 40,400 7,900 3,900 Use this information to prepare a December income statement. Income Statement For Month Ended December 31 Revenues Expenses Total expenses
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section: Chapter Questions
Problem 5AP
Related questions
Question
100%

Transcribed Image Text:On December 31, a company's monthly records show the following accounts.
Cash
Accounts receivable
Supplies
Land
Services revenue
Accounts payable
Wages expense
Rent expense
Supplies expense
$ 25,900
3,400
10,400
70,400
82,000
30,400
40,400
7,900
3,900
Use this information to prepare a December income statement.
Income Statement
For Month Ended December 31
Revenues
Expenses
Total expenses
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,

EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT

College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,

EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT

Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage

Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning