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Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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
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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