4BACKNEXTThe adjusted trial balance of Sunland Company at Decermber 31, 2019, indludes the tollowing accounts: Common Stock $17,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense$1,000, Rent Expense $4,000, Supplies Fxpense $2,500, and Depreciation Expense $2,000.Prepare an income statement for the year.Sunland CompanyIncome StatementFor the Year Ended Decermber 31, 2019 Accounts PayableAccounts ReceivableAccumulated Depreciation-BuildingsAccumulated Depreciation-EquipmentAdvertising ExpenseBuildingsCashCommon StockDepreciation ExpenseDividendsEquipmentInsurance ExpenseInterest ExpenseInterest PayableLandMaintenance and Repairs ExpenseMortgage PayableNo EntryNotes PayableOwner's CapitalOwner's DrawingsPrepaid AdvertisingPrepaid InsurancePrepaid RentRent ExpenseRent RevenueRetained EarningsSalaries and Wages ExpenseSalaries and Wages PayableSales RevenueService RevenueSubscription RevenueSuppliesSupplies ExpenseTicket RevenueUnearned Rent RevenueUnearned Service RevenueUnearned Subscription RevenueUnearned Ticket RevenueUtilities Expense

Name: 4BACKNEXTThe adjusted trial balance of Sunland Company at Decermber 3
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Description: 4BACKNEXTThe adjusted trial balance of Sunland Company at Decermber 31, 2019, indludes the tollowing accounts: Common Stock $17,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense$1,000, Rent Expense

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The adjusted trial balance of Sunland Company at Decermber 31, 2019, includes the tollowing accounts: Common Stock $1/,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense $1,000, Rent Expense $4,000, Supplies Fxpense $2,500, and Depreciation Expense $2,000. Prepare an income statement for the year. Sunland Company Income Statement For the Year Ended Decermber 31, 2019 v

The adjusted trial balance of Sunland Company at Decermber 31, 2019, includes the tollowing accounts: Common Stock $1/,400, Dividends $7,400, Service Revenue $37,100, Salaries and Wages Expense $16,200, Insurance Expense $1,000, Rent Expense $4,000, Supplies Fxpense $2,500, and Depreciation Expense $2,000. Prepare an income statement for the year. Sunland Company Income Statement For the Year Ended Decermber 31, 2019 v

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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