Question
Account Balance Accounts Receivable 2,600 Rent Expense 4,000 Supplies 2,000 Cash 79,500 Retained Earnings 16,500 Repair expense 500 Advertising Expense 2,000 Inventory 1,200 Accounts Payable
Account
Balance
Accounts Receivable
2,600
Rent Expense
4,000
Supplies
2,000
Cash
79,500
Retained Earnings
16,500
Repair expense
500
Advertising Expense
2,000
Inventory
1,200
Accounts Payable
2,200
Common Stock
55,000
Equipment
10,000
Note Payable
21,600
Salary Expense
9,500
Service Revenue
60,800
Prepare the Income Statement for the period ending December 31 for Your Company
T-Mobile
Income Statement
For the year ending Dec 31, 2019
Revenues:
60,800
Expenses:
Supplies
2,000
Salary Expense
9,500
Rent Expense
4,000
Advertising Expense
2,000
Repair Expense
500
Total Expenses
18,000
Net Income
42,800
Prepare the Balance Sheet for Your Company as of December 31, 20XX
T-Mobile
Balance Sheet
31-Dec
Assets
Liabilities
Accounts Receivable
2,600
Note Payable
21,600
Inventory
1,200
Salary Expense
9,500
Cash
79,500
Equipment
10,000
Total Liabilities
31,100
Stockholders' Equity
Common Stock
5,500
Retained Earnings
16,500
Total equity
22,000
Total Assets
93,300
Total Liab. And Stkhlds' Equity
53,100
Now what am I doing wrong or missing?
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