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SpyIntel [72]
2 years ago
11

Below are the account balances for Cowboy Law Firm at the end of December.Accounts BalancesCash $4,300Salaries expense 1,650Acco

unts payable 2,300Retained earnings 4,250Utilities expense 1,000Supplies 12,700Service revenue 8,200Common stock 4,900Required:Use only the appropriate accounts to prepare an income statement.COWBOY LAW FIRMIncome StatementExpenses: Total expenses Net income
Business
1 answer:
ludmilkaskok [199]2 years ago
4 0

Answer:

$5,550

Explanation:

Preparation of an Income statement

REVENUE :

Service revenue $8,200

Less EXPENSES:

Salaries expense $1,650

Utilities expense $1,000

Total Expenses($2,650)

($1,650+$1,000)

Net income $5,550

($8,200-$2,650)

Therefore the Net income amount for the income statement will be $5,550

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Answer:

Case 1 = $9,420

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Explanation:

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3 years ago
Jefferson's recently paid an annual dividend of $1.31 per share. The dividend is expected to decrease by 4% each year. How much
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Answer:

$6.29

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