Item$3$

Item

Skipped

Item $3$

On December $31,$ a company$$s monthly records show the following accounts.

Cash $ $26,500$

Accounts receivable $4,000$

Supplies $11,000$

Land $71,000$

Services revenue $85,000$

Accounts payable $31,000$

Wages expense $41,000$

Rent expense $8,500$

Supplies expense $4,500$

Use this information to prepare a December income statement.