The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit $ 11,200 142,000 5,200 26,000 320,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated $ 127,000 Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) 11,200 10,200 4,200 32,000 Common Stock 220,000 52,000 420,000 Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 320,000 16,000 32,000 4,200 Totals $876,600 $876,600 Required: 1. Prepare an income statement for the year ended December 31, 2018. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2018 Expenses: Total expenses

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit $ 11,200 142,000 5,200 26,000 320,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated $ 127,000 Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) 11,200 10,200 4,200 32,000 Common Stock 220,000 52,000 420,000 Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 320,000 16,000 32,000 4,200 Totals $876,600 $876,600 Required: 1. Prepare an income statement for the year ended December 31, 2018. FIGHTIN' BLUE HENS CORPORATION Income Statement For the Year Ended December 31, 2018 Expenses: Total expenses

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 11P: A review of Anderson Corporations books indicates that the errors and omissions pertaining to the...

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