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The December 31, 2024, aujusieu trial Daianice To Ustich Corporation is pre Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $25,000 220,000 Income Statement 7,000 44,000 335,000 414,000 34,000 54,000 4,000 $1,137,000 OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024 Credit Stmt of Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024. $26,000 25,000 4,000 54,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. 370,000 88,000 570,000 $1,137,000 Complete this question by entering your answers in the tabs below.

The December 31, 2024, aujusieu trial Daianice To Ustich Corporation is pre Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $25,000 220,000 Income Statement 7,000 44,000 335,000 414,000 34,000 54,000 4,000 $1,137,000 OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024 Credit Stmt of Stockholders Balance Sheet Equity Prepare an income statement for the year ended December 31, 2024. $26,000 25,000 4,000 54,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. 370,000 88,000 570,000 $1,137,000 Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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ces me December 31, 2024, ajuste a Udidlice u Ustrict Corporation is presented below. Accounts Credit Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $25,000 220,000 Income Statement 7,000 44,000 335,000 Stmt of Stockholders Balance Sheet Equity 414,000 34,000 54,000 4,000 $1,137,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. $26,000 25,000 4,000 54,000 370,000 88,000 570,000 $1,137,000 Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2024. OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024
Transcribed Image Text:ces me December 31, 2024, ajuste a Udidlice u Ustrict Corporation is presented below. Accounts Credit Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $25,000 220,000 Income Statement 7,000 44,000 335,000 Stmt of Stockholders Balance Sheet Equity 414,000 34,000 54,000 4,000 $1,137,000 Required: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare a statement of stockholders' equity for the year ended December 31, 2024, assuming no common stock was issued during 2024. 3. Prepare a classified balance sheet as of December 31, 2024. $26,000 25,000 4,000 54,000 370,000 88,000 570,000 $1,137,000 Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2024. OSTRICH CORPORATION Income Statement For the Year Ended December 31, 2024
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