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These financial statement items are for A1 Auto Supply Corporation at year-end, July 31, 2025. Salaries and wages payable $2,690 Salaries and wages expense
These financial statement items are for A1 Auto Supply Corporation at year-end, July 31, 2025. Salaries and wages payable $2,690 Salaries and wages expense 52,000 Utilities expense 22,800 Equipment 23,200 Accounts payable 4,000 Service revenue 62,200 Rent revenue 8,500 Notes payable (due 2027) 1,600 Common stock 16,000 Cash 20,900 Accounts receivable 12,780 Accumulated depreciation-equipment 6,000 Dividends 5,400 Depreciation expense 3,500 Retained earnings (beginning of the year) 39,590 Prepare an income statement for the year ended July 31, 2025. (Enter loss with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) A1 AUTO SUPPLY CORPORATION Income Statement July 31, 2025 A A $
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