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Exercise 4-09 a1, a2-b (Part Level Submission) Cullumber Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the
Exercise 4-09 a1, a2-b (Part Level Submission) Cullumber Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Cullumber Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $8,300 112 Accounts Receivable 9,000 157 Equipment 16,500 158 Accumulated Depreciation-Equip. $7,000 201 Accounts Payable 4,900 208 Unearned Rent Revenue 2,500 301 Owner's Capital 43,700 306 Owner's Drawings 16,500 400 Service Revenue 63,500 429 Rent Revenue 6,300 711 Depreciation Expense 6,500 726 Salaries and Wages Expense 55,700 732 Utilities Expense 15,400 $127,900 $127,900 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CULLUMBER COMPANY Income Statement For the Year Ended July 31, 2020 Revenues Service Revenue Rent Revenue Total Revenues HS Expenses Depreciation Expense Salaries and Wages Expense Utilities Expense Total Expenses Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work
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