The following are accounts taken from the books of Dunong Consultancy Services for the month of July, 2021. Prepare an income statement using natural form from the given data and compute its notes. Consultancy Fees Gain from the sale of equipment Interest Income Salaries expense Rent Expense Utilities Expense Depreciation Expense-Equipment Depreciation Expense-Furniture & Fixture Bad Debts Expense Miscellaneous expense Loss on Sale of Equipment Interest Expense - Loan Supplies Expense Dividend Income 200,000 12,000 6,000 25,000 20,000 10,000 3,000 3,500 1,500 7,000 3,000 2,000 1,000 2,500

The following are accounts taken from the books of Dunong Consultancy Services for the month of July, 2021. Prepare an income statement using natural form from the given data and compute its notes. Consultancy Fees Gain from the sale of equipment Interest Income Salaries expense Rent Expense Utilities Expense Depreciation Expense-Equipment Depreciation Expense-Furniture & Fixture Bad Debts Expense Miscellaneous expense Loss on Sale of Equipment Interest Expense - Loan Supplies Expense Dividend Income 200,000 12,000 6,000 25,000 20,000 10,000 3,000 3,500 1,500 7,000 3,000 2,000 1,000 2,500

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter4: Adjusting Entries And The Work Sheet

Section: Chapter Questions

Problem 9E: Determine on which financial statement each account listed below is reported. Use the following...

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