Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q:create income statement - On December 31, Bryniuk's Company, the accounting records showed the following information: Cash 49,500 Accounts Receivable 125,000 Supplies 1,500 Prepaid Insurance

Q:create income statement - On December 31, Bryniuk's Company, the accounting records showed the following information: Cash 49,500 Accounts Receivable 125,000 Supplies 1,500 Prepaid Insurance 12,000 Equipment 70,000 Building 420,000 Land 111,500 Accounts Payable 80,000 Notes Payable 170,000 Common Stock 410,000 Retained Earnings 65,000 Dividends 20,000 Service Revenue 174,000 Interest Revenue 1,000 Salaries Expense 52,000 Advertising Expense 17,000 Insurance Expense 5,000 Utilities Expense 13,750 Interest Expense 2,750
image text in transcribed
Qo create an income statement Exercise 5. On December 31, Bryniuk's Company, the accounting records showed the following information: Cash 49,500 Accounts Receivable 125,000 Supplies 1,500 Prepaid Insurance 12,000 Equipment 70,000 Building 420,000 Land 111,500 Accounts Payable 80,000 170,000 410,000 Notes Payable Common Stock Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Advertising Expense Insurance Expense 65,000 20,000 174,000 1,000 52.000 17,000 5.000 Utilities Expense 13.750 Interest Expense 2.750

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

Step: 3

blur-text-image

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

Auditing Processing Learn About Types Of Audits For Auditors Auditing For Dummies

Authors: Mazie Dannenberg

1st Edition

B097DGKYS7, 979-8524930576

More Books

Students also viewed these Accounting questions