The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise. Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/24) Cost of Goods Sold Loss on Sale of Equipment $5,500 9,600 2,600 1,200 2,000 109,750 1,000 52,800 3,500 9,500 3,000 2,000 Inventory Advertising Expense Insurance Expense Determine Income from Operations as of December 31, 2023: $45,950 $32,000 $41,500 $56,950 $35,500 Rent Expense Equipment Furniture Notes Payable (due 12/31/25) Accumulated Depreciation Cash Common Stock Goodwill Retained Earnings (1/1/23) Marketable Equity Securities Depreciation Expense Unearned Revenue $6,000 82,500 22,000 35,000 10,450 26,000 20,000 50,000 14,150 400 10,450 4,200
The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise. Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Dividends Sales Revenue Notes Payable (due 4/30/24) Cost of Goods Sold Loss on Sale of Equipment $5,500 9,600 2,600 1,200 2,000 109,750 1,000 52,800 3,500 9,500 3,000 2,000 Inventory Advertising Expense Insurance Expense Determine Income from Operations as of December 31, 2023: $45,950 $32,000 $41,500 $56,950 $35,500 Rent Expense Equipment Furniture Notes Payable (due 12/31/25) Accumulated Depreciation Cash Common Stock Goodwill Retained Earnings (1/1/23) Marketable Equity Securities Depreciation Expense Unearned Revenue $6,000 82,500 22,000 35,000 10,450 26,000 20,000 50,000 14,150 400 10,450 4,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise.
Accounts Payable
Accounts Receivable
Wages Payable
Prepaid Expenses
Dividends
Sales Revenue
Notes Payable (due 4/30/24)
Cost of Goods Sold
Loss on Sale of Equipment
$5,500
9,600
2,600
1,200
2,000
109,750
1,000
52,800
3,500
9,500
3,000
2,000
Inventory
Advertising Expense
Insurance Expense
Determine Income from Operations as of December 31, 2023:
$45,950
$32,000
$41,500
$56,950
$35,500
Rent Expense
Equipment
Furniture
Notes Payable (due 12/31/25)
Accumulated Depreciation
Cash
Common Stock
Goodwill
Retained Earnings (1/1/23)
Marketable Equity Securities
Depreciation Expense
Unearned Revenue
$6,000
82,500
22,000
35,000
10,450
26,000
20,000
50,000
14,150
400
10,450
4,200
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