The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $175,000; Salaries Expense, $90,000; Supplies Expense, $10,000; Rent Expense, $16,000; Depreciation Expense, $24,000; and Delivery Expense, $8,000. Prepare an income statement for the year ended December 31, 2021.

The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $175,000; Salaries Expense, $90,000; Supplies Expense, $10,000; Rent Expense, $16,000; Depreciation Expense, $24,000; and Delivery Expense, $8,000. Prepare an income statement for the year ended December 31, 2021.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 6E: On September 30, Cody Companys selected account balances are as follows: In general journal form,...

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