question archive Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 3,800 1,400 1,800 4,700 1,200 12,200 7,700 4,400 VE Answer is complete but not entirely correct
Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 3,800 1,400 1,800 4,700 1,200 12,200 7,700 4,400 VE Answer is complete but not entirely correct
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Below are the account balances for Cowboy Law Firm at the end of December Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Balances $ 3,800 1,400 1,800 4,700 1,200 12,200 7,700 4,400
VE Answer is complete but not entirely correct. 7,700 7,700 X COWBOY LAW FIRM Income Statement For the Period Ended December 31 Service revenue $ Retained earnings X $ Expenses: Salaries expense 1,400 Utilities expense 1,200 2,600 (100) X Total expenses Net income $ 5,100 5,100
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COWBOY LAW FIRM |
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Income Statement |
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For the Period Ended December 31 |
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Service Revenue |
$7,700 |
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Expenses: |
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Salaries expense |
1,400 |
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Utilities expense |
1,200 |
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Total expenses |
2,600 |
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Net income |
$5,100 |
