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 $

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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