As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section: Chapter Questions
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As of December 31 of the current year, records show the following.
Cash
Accounts receivable
Office supplies
Land
Accounts payable
Wages payable
Notes payable
Consulting revenue
Rental revenue
Wages expense
Interest expense
Advertising expense
Selling and administrative expenses
$13,000
10,500
7,500
6,500
3,500
14,000
4,500
37,500
25,000
21,500
2,500
13,500
9,500
Prepare the income statement for the current year ended December 31.
Revenues
Total revenues
Expenses
Income Statement
For Current Year Ended December 31
Transcribed Image Text:As of December 31 of the current year, records show the following. Cash Accounts receivable Office supplies Land Accounts payable Wages payable Notes payable Consulting revenue Rental revenue Wages expense Interest expense Advertising expense Selling and administrative expenses $13,000 10,500 7,500 6,500 3,500 14,000 4,500 37,500 25,000 21,500 2,500 13,500 9,500 Prepare the income statement for the current year ended December 31. Revenues Total revenues Expenses Income Statement For Current Year Ended December 31
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