The accounts of Kingbird Delivery Service contain the following balances on July 31, 2022. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) $10,720 6,720 9,939 47,489 1,566 720 22,760 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2022) $1,760 12,400 560 32,000 5,942 656 4,160

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare an income statement.Current Attempt in Progress The accounts of Kingbird Delivery Service contain the following balances on July 31, 2022.
Transcribed Image Text:Prepare an income statement.Current Attempt in Progress The accounts of Kingbird Delivery Service contain the following balances on July 31, 2022.
Current Attempt in Progress
The accounts of Kingbird Delivery Service contain the following balances on July 31, 2022.
Accounts Receivable
Accounts Payable
Cash
Equipment
Maintenance and Repairs Expense
Insurance Expense
Notes Payable (due 2025)
$10,720
6,720
9,939
47,489
1,566
720
22,760
Prepaid Insurance
Service Revenue
Dividends
Common Stock
Salaries and Wages Expense
Salaries and Wages Payable
Retained Earnings (July 1, 2022)
$1,760
12,400
560
32,000
5,942
656
4,160
Transcribed Image Text:Current Attempt in Progress The accounts of Kingbird Delivery Service contain the following balances on July 31, 2022. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) $10,720 6,720 9,939 47,489 1,566 720 22,760 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2022) $1,760 12,400 560 32,000 5,942 656 4,160
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