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The adjusted trial balance for Hampton Advertising Services is presented below. (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Hampton Advertising Services Net Income (LC) Income Statement Year Ended December 31, 2024 Expenses: Revenues: 4 Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity Data table Account Title Cash Hampton Advertising Services Adjusted Trial Balance December 31, 2024 Accounts Receivable Office Supplies Land - Building Canon Accumulated Depreciation Building Furniture Accumulated Depreciation Furniture Accounts Payable com Salaries Payable Unearned Revenue Cooper, Capital Cooper, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Print $ Balance Debit 14,100 14,200 5,900 18,500 51,500 Done 20,500 20,100 S Credit 38,100 13,200 10,500 7,400 17,500 71,300 38,000 25,500 9,100 2,600 1,000 13,000 $ 196,000 S 196,000 X

The adjusted trial balance for Hampton Advertising Services is presented below. (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Hampton Advertising Services Net Income (LC) Income Statement Year Ended December 31, 2024 Expenses: Revenues: 4 Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity Data table Account Title Cash Hampton Advertising Services Adjusted Trial Balance December 31, 2024 Accounts Receivable Office Supplies Land - Building Canon Accumulated Depreciation Building Furniture Accumulated Depreciation Furniture Accounts Payable com Salaries Payable Unearned Revenue Cooper, Capital Cooper, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Print $ Balance Debit 14,100 14,200 5,900 18,500 51,500 Done 20,500 20,100 S Credit 38,100 13,200 10,500 7,400 17,500 71,300 38,000 25,500 9,100 2,600 1,000 13,000 $ 196,000 S 196,000 X

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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The adjusted trial balance for Hampton Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Hampton Advertising Services Net Income (L Income Statement Year Ended December 31, 2024 Expenses: Revenues: Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity Data table Hampton Advertising Services Adjusted Trial Balance December 31, 2024 Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Cooper, Capital Cooper, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Print S S Balance Debit Done 14,100 14,200 5,900 18,500 51,500 20,500 20,100 25,500 9,100 2,600 1,000 13,000 196,000 $ Credit $ 38,100 13,200 10,500 7,400 17,500 71,300 38,000 196,000 - X
Transcribed Image Text:The adjusted trial balance for Hampton Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Hampton Advertising Services Net Income (L Income Statement Year Ended December 31, 2024 Expenses: Revenues: Total Assets Total Expenses Total Liabilities Total Liabilities and Owner's Equity Data table Hampton Advertising Services Adjusted Trial Balance December 31, 2024 Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Cooper, Capital Cooper, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Print S S Balance Debit Done 14,100 14,200 5,900 18,500 51,500 20,500 20,100 25,500 9,100 2,600 1,000 13,000 196,000 $ Credit $ 38,100 13,200 10,500 7,400 17,500 71,300 38,000 196,000 - X
Requirement 1. Prepare the income statement for the year ending Decemb Hampton Advertising Services Net Inc Cash G Income Statement Year Ended December 31, 2024 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation Furniture Advertising Expense Building Cooper, Capital Cooper, Withdrawals Depreciation Expense-Building Depreciation Expense-Furniture Furniture Land Office Supplies Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue
Transcribed Image Text:Requirement 1. Prepare the income statement for the year ending Decemb Hampton Advertising Services Net Inc Cash G Income Statement Year Ended December 31, 2024 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation Furniture Advertising Expense Building Cooper, Capital Cooper, Withdrawals Depreciation Expense-Building Depreciation Expense-Furniture Furniture Land Office Supplies Salaries Expense Salaries Payable Service Revenue Supplies Expense Unearned Revenue
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