Question
The completed financial statement columns of the spreadsheet for Ivanhoe Company are shown as follows: Ivanhoe Company Worksheet For the Year Ended December 31, 2022
The completed financial statement columns of the spreadsheet for Ivanhoe Company are shown as follows:
Ivanhoe Company Worksheet For the Year Ended December 31, 2022 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Income Statement | Balance Sheet | |||||||||
Account No. | Account Titles | Dr. | Cr. | Dr. | Cr. | |||||
101 | Cash | 8,900 | ||||||||
112 | Accounts Receivable | 10,600 | ||||||||
130 | Prepaid Insurance | 2,800 | ||||||||
157 | Equipment | 24,400 | ||||||||
158 | Accumulated DepreciationEquip. | 4,700 | ||||||||
201 | Accounts Payable | 9,200 | ||||||||
212 | Salaries and Wages Payable | 2,600 | ||||||||
301 | Owners Capital | 19,100 | ||||||||
306 | Owners Drawings | 11,300 | ||||||||
400 | Service Revenue | 60,400 | ||||||||
622 | Maintenance and Repairs Expense | 1,600 | ||||||||
711 | Depreciation Expense | 3,100 | ||||||||
722 | Insurance Expense | 2,000 | ||||||||
726 | Salaries and Wages Expense | 29,900 | ||||||||
732 | Utilities Expense | 1,400 |
|
|
| |||||
Totals | 38,000 | 60,400 | 58,000 | 35,600 | ||||||
Net Income | 22,400 | 22,400 | ||||||||
60,400 | 60,400 | 58,000 | 58,000 |
Can you please help me with the answer to question a1 using the chart above
(a1)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
IVANHOE COMPANY Income Statement choose the accounting period For the Year Ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022 | ||
---|---|---|
select an opening name for section one DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues | ||
enter an income statement item | $enter a dollar amount | |
select an opening name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal 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 | |
enter an income statement item | enter a dollar amount | |
select a closing name for section two DrawingsExpensesInvestmentsNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal Revenues | enter a total amount for section two | |
select a closing name for this statement DrawingsExpensesInvestmentsNet Income / (L |
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