These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable $2,100 Notes payable (due after 2023) $1,700 Salaries and wages expense 51,800 Cash 14,900 Utilities expense 22,000 Accounts receivable 9,200 Equipment 31,300 Accumulated depreciation-equipment 6,100 Accounts payable 4,700 Owner's drawings 2,700 Service revenue 62,400 Depreciation expense 3,700 Rent revenue 9,000 Owner's capital (beginning of the year) 49,600 (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45) CULLUMBER COMPANY Income Statement $ $
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages payable $2,100 Notes payable (due after 2023) $1,700 Salaries and wages expense 51,800 Cash 14,900 Utilities expense 22,000 Accounts receivable 9,200 Equipment 31,300 Accumulated depreciation-equipment 6,100 Accounts payable 4,700 Owner's drawings 2,700 Service revenue 62,400 Depreciation expense 3,700 Rent revenue 9,000 Owner's capital (beginning of the year) 49,600 (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45) CULLUMBER COMPANY Income Statement $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:These financial statement items are for Cullumber Company at year-end, July 31, 2022.
Salaries and wages payable
$2,100
Notes payable (due after 2023)
$1,700
Salaries and wages expense
51,800
Cash
14,900
Utilities expense
22,000
Accounts receivable
9,200
Equipment
31,300
Accumulated depreciation-equipment
6,100
Accounts payable
4,700
Owner's drawings
2,700
Service revenue
62,400
Depreciation expense
3,700
Rent revenue
9,000
Owner's capital (beginning of the year)
49,600
(a1)
Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg (45).)
CULLUMBER COMPANY
Income Statement
$
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