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Below are the account balances for Schroeder Corporation at the end of December. Accounts Balances Cash $ 6,500 Salaries expense 3,600 Retained earnings 1,100 Advertising
Below are the account balances for Schroeder Corporation at the end of December. Accounts Balances Cash $ 6,500 Salaries expense 3,600 Retained earnings 1,100 Advertising expense 1,540 Equipment 8,100 11,400 Service revenue Common stock 11,200 Accounts payable 1,710 Use only the appropriate accounts to prepare an income statement. SCHROEDER CORPORATION Income Statement For the year ended December 31 Revenues: Service Revenue 11,400 Expenses: 0 11,400 Salaries Expense Total expenses $ $
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