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Use the following information to fill in the missing information on this company's Income Statement for 2020. In 2020, the company provided services of $5,350
Use the following information to fill in the missing information on this company's Income Statement for 2020. In 2020, the company provided services of $5,350 to customers on account. In 2020, the company collected $4,820 from customers who paid on account in 2019. In 2020, the company provided services of $7,400 to cusomters who paid in cash. In 2020, the company paid $1,200 in rent. In 2020, the company paid $6,000 in wages. In 2020, the company paid $2,000 for an insurance policy covering all of 2021. [A] Fees Earned Operating Expenses: [B] Wages Expense (D) Total Operating Expenses (H) $ 6,000 $ 5,550 If a spot does not need to be filled, type "leave blank" as your answer. a) Los Pollos Hermanos (a fried chicken restaurant) paid wages of $1,000 which included $350 of accrued wages payable from January. Balance Sheet Wages Payable Cash Retained Earnings Accounts Receivable 2,650 [B] 350 5,030 17,730 (A) Feb 1 Balance *a* Cash Flows *a* Notes Payable Common Stock 5,000 10,000 [D] Income Statement *a* UJ [K] If a spot does not need to be filled, type "leave blank" as your
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