The following information is taken from the records of Wadleys Car Wash for the year ended December

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The following information is taken from the records of Wadley€™s Car Wash for the year ended December 31, 2012.

Required:
Prepare an income statement for Wadley€™s Car Wash for the year ended December 31, 2012. (Assume that 3,000 shares of stock areoutstanding.)

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 03:17 AM

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The following information is taken from the records of Wadleys Car Wash for the year ended December

Question:

Income taxes Service revenues. Rent expense-… Salaries expense S45,000 Miscellaneous expense 210,000 Utlities expense S 970 4,300 10,300 6,000 Supplies expense 41,000

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