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Julli [10]
2 years ago
9

Below are the account balances for a company at the end of December. Accounts Balances Cash $ 4,900 Salaries expense 1,950 Accou

nts payable 2,900 Retained earnings 3,950 Utilities expense 1,000 Supplies 13,300 Service revenue 8,800 Common stock 5,500 Required: Use only the appropriate accounts to prepare an income statement.
Business
1 answer:
Alexus [3.1K]2 years ago
5 0

Answer:

See below

Explanation:

The preparation of the end December income statement for the company is seen below;

Service revenue

$8,800

Less:

Salaries expenses

($1,950)

Utilities expenses

($1,000)

Net income

$5,850

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Answer:

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Explanation:

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7 0
3 years ago
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The Correct question reads;

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Answer:

<u>a. Should not be prepared by an employee who handles cash transactions</u>

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