Question
The following information relates to Wildhorse Co. for the year 2022. Owners capital, January 1, 2022 $ 53,923 Advertising expense $ 2,022 Owners drawings during
The following information relates to Wildhorse Co. for the year 2022.
Owners capital, January 1, 2022 | $ 53,923 | Advertising expense | $ 2,022 | |||
---|---|---|---|---|---|---|
Owners drawings during 2022 | 6,740 | Rent expense | 11,683 | |||
Service revenue | 71,448 | Utilities expense | 3,483 | |||
Salaries and wages expense | 33,140 |
(a1)
After analyzing the data, prepare an income statement for the year ending December 31, 2022.
WILDHORSE CO. Income Statement choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 | ||
---|---|---|
select an opening name for section one DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment | ||
enter an income statement item | $ enter a dollar amount | |
select an opening name for section two DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment | ||
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 DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment | enter a total amount for section two | |
select a closing name for this statement DrawingsExpensesNet Income / (Loss)Owners Capital, January 1Owners Capital, December 31RevenuesTotal ExpensesTotal RevenuesInvestment | $ enter a total net income or loss amount |
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