Answered step by step
Verified Expert Solution
Question
1 Approved Answer
income statement prepare two income statement one using the information of A. one using information of B A. Cost of good sold 9000 account payable
income statement
prepare two income statement one using the information of A. one using information of B
A.
Cost of good sold 9000
account payable 1100
paid in capital 2000
cash 400
sales 10000
dividends 700
retained earning beginning 1000
inventory 4000
B.
Salary expense 24000
unearned revenue 1600
paid in capital 3000
cash 3500
service revenue 32000
rent expense 5300
retained earning beginning 1200
prepaid rent expense 5000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started