Question
On December 31, Miller Co. had the following list of accounts. Prepare anincome statementfor the year. Additional Resources Accounts Payable$ 35,800 Prepaid Rent$ 10,500 Accounts
On December 31, Miller Co. had the following list of accounts. Prepare anincome statementfor the year.
Additional Resources
Accounts Payable$
35,800
Prepaid Rent$
10,500
Accounts Receivable40,300
Rent Expense1,000
BeginningCapital21,700
Service Revenue49,300
Cash58,100
Supplies16,400
Deferred Revenue13,200
Supplies Expense8,000
Drawing18,700
Utilities Expense2,500
Legal Expense1,800
Miller CompanyIncome StatementFor Year Ended December 31Revenues:(Choose one)
Accounts Payable
Accounts Receivable
Advertising Expense
Beginning Capital
Cash
Consulting Revenue
Deferred Revenue
Drawing
Entertainment Expense
Legal Expense
Maintenance Expense
Net Income
Prepaid Rent
Rent Expense
Retained Earnings
Service Revenue
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Total Revenues
Expenses:(Choose one)
Accounts Payable
Accounts Receivable
Advertising Expense
Beginning Capital
Cash
Consulting Revenue
Deferred Revenue
Drawing
Entertainment Expense
Legal Expense
Maintenance Expense
Net Income
Prepaid Rent
Rent Expense
Retained Earnings
Service Revenue
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Total Expenses
Net Income
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