Question
These financial statement items are for Oriole Company at year end, July 31, 2024. Salaries payable $2,150 Notes payable (long-term) $1,880 Salaries expense 47,800
These financial statement items are for Oriole Company at year end, July 31, 2024. Salaries payable $2,150 Notes payable (long-term) $1,880 Salaries expense 47,800 Cash 14,000 Utilities expense 21,500 Accounts receivable 9,770 Equipment 34,460 Accumulated depreciation-equipment 6,040 Accounts payable 4,100 D. Oriole, drawings 2,980 Service revenue 62,100 Depreciation expense 3,980 Rent revenue 7,700 D. Oriole, capital (beginning of the year) 50,520 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLE COMPANY Income Statement $ $ $
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
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