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larisa86 [58]
3 years ago
5

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300

Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common stock 4,200 Required: Use only the appropriate accounts to prepare an income statement.
Business
1 answer:
luda_lava [24]3 years ago
5 0

Answer:

Income Statement  

Sales  $7.500  

Salaries expense -$1.300  

Utilities expense -$1.100  

Net Income  5.100  

Explanation:

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