3 years ago

Below are the account balances for Cowboy Law Firm at the end of December.

Business

1 answer:

drek231 [11]3 years ago

6 0

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

Service revenue 8,900

Less Expenses :

Salaries expense (2,000)

Utilities expense (1,100)

Net Income / (Loss) 5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

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