Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Accounting

Authors: Charles T Horngren, John A Elliott

9th Edition

0131479725, 978-0131479722

More Books

Students also viewed these Accounting questions

Question

Go, do not wait until I come

Answered: 1 week ago