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Salaries Expense $ 46,000 Insurance Expense Service Revenue Utilities Expense $ 4,500 Accounts Payable 17,600 1,700 4,800 8,000 70,000 1,400 Office Supplies 16,000 Dividends 9,000 7,200 Equipment 5,100 Rent Expense Common Stock Cash Accounts Receivable 12, 100 Retained Earnings, January 1, 2018

Salaries Expense $ 46,000 Insurance Expense Service Revenue Utilities Expense $ 4,500 Accounts Payable 17,600 1,700 4,800 8,000 70,000 1,400 Office Supplies 16,000 Dividends 9,000 7,200 Equipment 5,100 Rent Expense Common Stock Cash Accounts Receivable 12, 100 Retained Earnings, January 1, 2018

FINANCIAL ACCOUNTING
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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Use the following information to answer Short Exercises S1-12 through S1-14.

Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business:

Preparing the income statement

Prepare the income statement of Centerpiece Arrangements for the war ended December 31,2018.

 

Salaries Expense $ 46,000 Insurance Expense Service Revenue Utilities Expense $ 4,500 Accounts Payable 17,600 1,700 4,800 8,000 70,000 1,400 Office Supplies 16,000 Dividends 9,000 7,200 Equipment 5,100 Rent Expense Common Stock Cash Accounts Receivable 12, 100 Retained Earnings, January 1, 2018
Transcribed Image Text:Salaries Expense $ 46,000 Insurance Expense Service Revenue Utilities Expense $ 4,500 Accounts Payable 17,600 1,700 4,800 8,000 70,000 1,400 Office Supplies 16,000 Dividends 9,000 7,200 Equipment 5,100 Rent Expense Common Stock Cash Accounts Receivable 12, 100 Retained Earnings, January 1, 2018
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