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
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Febb3b04c-7587-4c38-9f7d-f50d5238a65b%2F4354503a-ebdd-4c95-a0df-0bf56f7ff8de%2Fsga7bew_processed.jpeg&w=3840&q=75)
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
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