Refer to PE 4-16. Using the adjusted trial balance prepared in part (2), prepare an income statement

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Refer to PE 4-16. Using the adjusted trial balance prepared in part (2), prepare an income statement for the year.

PE 4-16

Before any adjusting entries were made, the company prepared the following trial balance as of December 31:

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Financial Accounting

ISBN: 978-0324645576

10th edition

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

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Question Posted: Sep 11, 2016 11:57 AM

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Refer to PE 4-16. Using the adjusted trial balance prepared in part (2), prepare an income statement

Question:

Credit Notes Receivable Prepaid Rent. 216,000 Accounts Payable Unearned Fee Revenue Capital Stock.. Retained Earnings Dividends . Fee Revenue . $ 150,000 244,000 79,000 $1,040,000 Utilities Expense Totals $1,040,000

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Financial Accounting

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