Suppose a company had the following accounts and balances at year end after all adjustments had been

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Suppose a company had the following accounts and balances at year end after all adjustments had been made:

Service revenue ........ $7,400

Interest revenue ........ $2,200

Unearned revenue ....... $3,250

Operating expenses ....... $1,500

Prepaid rent ......... $1,030

Prepare the income statement for the year.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:19 PM

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Suppose a company had the following accounts and balances at year end after all adjustments had been

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Company Income Statement For the year ended Service re...View the full answer

Financial Accounting: A Business Process Approach

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