Question
The adjusted trial balance columns of the worksheet for Concord Company are as follows. Concord Company Worksheet (Partial) For the Month Ended April 30, 2022
The adjusted trial balance columns of the worksheet for Concord Company are as follows.
Concord Company Worksheet (Partial) For the Month Ended April 30, 2022 | ||||
---|---|---|---|---|
Adjusted Trial Balance | ||||
Account Titles | Dr. | Cr. | ||
Cash | 12,000 | |||
Accounts Receivable | 7,860 | |||
Prepaid Rent | 2,440 | |||
Equipment | 23,150 | |||
Accumulated DepreciationEquip. | 4,500 | |||
Notes Payable | 5,700 | |||
Accounts Payable | 5,500 | |||
Common Stock | 21,330 | |||
Retained Earnings | 8,300 | |||
Dividends | 3,300 | |||
Service Revenue | 15,500 | |||
Salaries and Wages Expense | 10,680 | |||
Rent Expense | 800 | |||
Depreciation Expense | 600 | |||
Interest Expense | 50 | |||
Interest Payable | 50 | |||
Totals | 60,880 | 60,880 |
(a1)
Partially correct answer iconYour answer is partially correct.
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -55 or parentheses e.g. (55).)
Concord Company Income Statement choose the accounting period For the Month Ended April 30, 2022For the Quarter Ended April 30, 2022April 30, 2022 | ||
---|---|---|
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, April 30Retained Earnings, April 1RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, April 30Retained Earnings, April 1RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, April 30Retained Earnings, April 1RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, April 30Retained Earnings, April 1RevenuesTotal ExpensesTotal Revenues | $enter a total net income or loss amount |
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