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How is this wrong? what is the total revenue. HELP 1 Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 24,500 Cost
How is this wrong? what is the total revenue. HELP
1 Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,200 Service revenue 24,500 Cost of goods sold (food expense) 3,500 Buildings 1,700 Supplies 4,600 Salaries payable $63,200 52,500 31,000 2,500 700 1 points In addition, the company had common stock of $31,000 at the beginning of the year and issued an additional $3,100 during the year. The company also had retained earnings of $16,500 at the beginning of the year. Required: 1. Prepare the income statement for Longhorn Corporation. 2. Prepare the statement of stockholders' equity for Longhorn Corporation. 3. Prepare the balance sheet for Longhorn Corporation. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Longhorn Corporation. LONGHORN CORPORATION Income Statement For the year ended Dec. 31, 2021 Service revenue $ 63,200 63,200 X Expenses: Cost of goods sold Salaries expense Delivery expense $ 52,500 4.600 1,700Step by Step Solution
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