Question 12 of 16 View Policies Current Attempt in Progress Accounts payable Accounts receivable Cash The following is a list of accounts, in alphabetical order, for Cullumber Ltd. at December 31, 2024. All accounts have a normal balance. Accumulated depreciation-equipment Common shares. Deferred revenue Depreciation expense < Dividends declared Equipment. (a1) > Balance, January 31, 2024 $4,000 9,000 6,500 25,000 10,000 4,700 4,500 7,000 15,000 Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Prepare a statement of income for the year ended December 31, 2024. CULLUMBER LTD. Statement of Income $ $1,250 6,900. 4,500 26,750 11,600 5,500 37,000 V 6,000 3,700 - /20 $ ⠀
Question 12 of 16 View Policies Current Attempt in Progress Accounts payable Accounts receivable Cash The following is a list of accounts, in alphabetical order, for Cullumber Ltd. at December 31, 2024. All accounts have a normal balance. Accumulated depreciation-equipment Common shares. Deferred revenue Depreciation expense < Dividends declared Equipment. (a1) > Balance, January 31, 2024 $4,000 9,000 6,500 25,000 10,000 4,700 4,500 7,000 15,000 Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Prepare a statement of income for the year ended December 31, 2024. CULLUMBER LTD. Statement of Income $ $1,250 6,900. 4,500 26,750 11,600 5,500 37,000 V 6,000 3,700 - /20 $ ⠀
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.2.2C
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