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
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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