Below are the account balances for Cowboy Law Firm at the end of December. Balances $5;100 2,050 3,100 4,050 1,200 13,500 9,000 5,700 Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Required: Use only the appropriate accounts to prepare an income statement. Expenses: COWBOY LAW FIRM Income Statement For the Period Ended December 31 Total expenses HUR

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5PA: Multiple-step income statement and balance sheet The following selected accounts and their current...
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Below are the account balances for Cowboy Law Firm at the end of December.
Balances
$5,100
2,050
Accounts
Cash
Salaries expense
Accounts payable
Retained earnings
Utilities expense
Supplies
Service revenue
Common stock
Expenses:
Required:
Use only the appropriate accounts to prepare an income statement.
COWBOY LAW FIRM
Income Statement
For the Period Ended December 31
3,100
4,050
1,200
13,500
9,000
5,700
Total expenses
Transcribed Image Text:Below are the account balances for Cowboy Law Firm at the end of December. Balances $5,100 2,050 Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Expenses: Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 3,100 4,050 1,200 13,500 9,000 5,700 Total expenses
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