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These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $2,000 Notes payable (due after 2023) $1.700
These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $2,000 Notes payable (due after 2023) $1.700 Salaries and wages expense 51,000 Cash 14,200 Utilities expense 22,300 Accounts receivable 10,900 Equipment 32,000 Accumulated depreciation-equipment 5,700 Accounts payable 4,700 Owner's drawings 3,200 Service revenue 60,500 Depreciation expense 4,500 Rent revenue 8,300 Owner's capital (beginning of the year) 55,200 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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