Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress These financial statement items are for Bramble Company at year-end, July 31, 2022. Salaries and wages payable $1,800 Notes payable

image text in transcribedimage text in transcribedimage text in transcribed

Current Attempt in Progress These financial statement items are for Bramble Company at year-end, July 31, 2022. Salaries and wages payable $1,800 Notes payable (long-term) $2.200 Salaries and wages expense 51,200 Cash 15,600 Utilities expense 22,800 Accounts receivable 10,400 Equipment 30,700 Accumulated depreciation-equipment 5,600 Accounts payable 5,000 Dividends 2,600 Service revenue 61,300 Depreciation expense 4,200 Rent revenue 8,500 Retained earnings (beginning of the year) 20.800 Common stock 32,300 (a1) Your answer is correct Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45)) Revers Service Revenue Rent Revenue Total Revenues Bramble Company Income Statement For the Year Ended July 31, 2022 41300 8500 Expenses Salaries and Wages Expense 51200 1 Utilities Expense Depreciation Expone 22000 4200 69000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Governmental and Not for Profit Accounting

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

7th edition

9780132776073, 132776014, 978-0132776011

More Books

Students also viewed these Accounting questions