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Exercise 4-09 a1,a2-b (Part Level Submission) Ivanhoe Company ended its fiscal year on uly 31, 2020. The company's adjusted trial balance as of the end
Exercise 4-09 a1,a2-b (Part Level Submission) Ivanhoe Company ended its fiscal year on uly 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Ivanhoe Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Credit No 01 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $9,100 9,500 16,200 $7,700 4,600 1,700 45,800 15,900 64,000 7,000 9,000 56,600 14,500 $130,800 130,800 (a1) 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).) (a1) 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). IVANHOE COMPANY Income SHOW LIST OF ACCOUNTS
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