Question
Following are the financial statement data for Degen Temporary Services at December 31, 2016. Prepare Degen's income statement, Accounts Payable $850 Accounts Receivable 780 Cash
Following are the financial statement data for Degen Temporary Services at December 31, 2016. Prepare Degen's income statement,
Accounts Payable
$850
Accounts Receivable
780
Cash
425
Common Stock
600
Dividends
200
Insurance Expense
75
Office Equipment
1,500
Retained Earnings, January 1, 2016
370
Salaries Expense
525
Notes Payable
40
Service Revenue
1,750
Inventory
35
Supplies Expense
50
THEY ARE MULTIPLE CHOICE
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
