Salaries expense. Consulting revenue..... 12,000 3,000 Cash...... .8,000 Utilities expense... Note payable... Accounts receivable........ $3,500 A. Lopez, Withdrawals.......2,000 Office supplies.... Rental revenue.. .. 200 .2,400 1,500 .500 Advertising expense.. Prepaid insurance.. Accounts payable..... Note receivable... Rent expense..... Unearned revenue... Required 1. Prepare a March income statement for the business. . 400 ..1,000 $1,300 .2,500 2,000 .300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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answer the question 1
Salaries expense .......3,000
Consulting revenue.... 12,000
Cash......
8,000
Utilities expense..
Note payable....
Accounts receivable........ $3,500
A. Lopez, Withdrawals..... 2,000
Office supplies......
Rental revenue..
... 200
.2,400
.1,500
500
Advertising expense..
Prepaid insurance..
Accounts payable...... $1,300
..400
.1,000
Note receivable..
. 2,500
Rent expense..
Unearned revenue.......300
2,000
Required
1. Prepare a March income statement for the business.
Transcribed Image Text:Salaries expense .......3,000 Consulting revenue.... 12,000 Cash...... 8,000 Utilities expense.. Note payable.... Accounts receivable........ $3,500 A. Lopez, Withdrawals..... 2,000 Office supplies...... Rental revenue.. ... 200 .2,400 .1,500 500 Advertising expense.. Prepaid insurance.. Accounts payable...... $1,300 ..400 .1,000 Note receivable.. . 2,500 Rent expense.. Unearned revenue.......300 2,000 Required 1. Prepare a March income statement for the business.
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