The adjusted trial balance of Swifty Corporation at December 31, 2025, includes the following accounts: Retained Earnings $16,000, Dividends $4,000, Service Revenue $35,000, Salaries and Wages Expense $13,000, Insurance Expense $1,700, Rent Expense $3,800, Supplies Expense $1,400, and Depreciation Expense $800. Prepare an income statement for the year. SWIFTY CORPORATION Income Statement
The adjusted trial balance of Swifty Corporation at December 31, 2025, includes the following accounts: Retained Earnings $16,000, Dividends $4,000, Service Revenue $35,000, Salaries and Wages Expense $13,000, Insurance Expense $1,700, Rent Expense $3,800, Supplies Expense $1,400, and Depreciation Expense $800. Prepare an income statement for the year. SWIFTY CORPORATION Income Statement
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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![The adjusted trial balance of Swifty Corporation at December 31, 2025, includes the following accounts: Retained Earnings $16,000,
Dividends $4,000, Service Revenue $35,000, Salaries and Wages Expense $13,000, Insurance Expense $1,700, Rent Expense $3,800,
Supplies Expense $1,400, and Depreciation Expense $800.
Prepare an income statement for the year.
SWIFTY CORPORATION
Income Statement
$
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d1f03dc-16fb-4834-9136-6d6472c9ed62%2Fbbf0685e-acd1-4df8-9661-8917c9b36078%2Frijecso_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The adjusted trial balance of Swifty Corporation at December 31, 2025, includes the following accounts: Retained Earnings $16,000,
Dividends $4,000, Service Revenue $35,000, Salaries and Wages Expense $13,000, Insurance Expense $1,700, Rent Expense $3,800,
Supplies Expense $1,400, and Depreciation Expense $800.
Prepare an income statement for the year.
SWIFTY CORPORATION
Income Statement
$
$
$
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