Dividends 3,650 Service Revenue 15,500 Salaries and Wages Expense 10,500 Rent Expense 750 Depreciation Expense 650 Interest Expense 70 Interest Payable 70 Totals 59,400 59,400 (a1) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.- parentheses e.g. (55).) Bridgeport Company Income Statement

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.1C
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dit View History Bookmarks Window Help
A education.wiley.com
NWP Assessment Player UI Ap.
DAYAAN TOROMSO IYO DEEQ.
E CH3 - Case Study One - Sp22.
3
Question 3 of 4
Bridgeport Company
Income Statement
24
T山國
tv
DD
00
F2
Transcribed Image Text:dit View History Bookmarks Window Help A education.wiley.com NWP Assessment Player UI Ap. DAYAAN TOROMSO IYO DEEQ. E CH3 - Case Study One - Sp22. 3 Question 3 of 4 Bridgeport Company Income Statement 24 T山國 tv DD 00 F2
iew History Bookmarks Window Help
A education.wiley.com
NWP Assessment Player UI Ap..
DAYAAN TOROMSO IYO DEEQ..
A CH3 - Case Study One - Sp22.
Question 3 of 4
<>
Dividends
3,650
Service Revenue
15,500
Salaries and Wages Expense
10,500
Rent Expense
750
Depreciation Expense
650
Interest Expense
70
Interest Payable
70
Totals
59,400
59,400
(a1)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-5
parentheses e.g. (55).)
Bridgeport Company
Income Statement
étv
DI
DD
:二
80
888
F8
F9
F7
F5
F6
F4
F3
Transcribed Image Text:iew History Bookmarks Window Help A education.wiley.com NWP Assessment Player UI Ap.. DAYAAN TOROMSO IYO DEEQ.. A CH3 - Case Study One - Sp22. Question 3 of 4 <> Dividends 3,650 Service Revenue 15,500 Salaries and Wages Expense 10,500 Rent Expense 750 Depreciation Expense 650 Interest Expense 70 Interest Payable 70 Totals 59,400 59,400 (a1) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-5 parentheses e.g. (55).) Bridgeport Company Income Statement étv DI DD :二 80 888 F8 F9 F7 F5 F6 F4 F3
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Step 1

Trial Balance: Trial balance is a statement in which the closing balance of all ledger accounts are transferred. This statement shows the opening balance + /- debit or credit amount during the period.

This statement also helps management to check the accuracy of accounts. The sum of all debit balances must be equal to the sum of credit balances.

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