1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Virty [35]
4 years ago
10

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800

Accounts payable 2,600 Retained earnings 4,100 Utilities expense 1,000 Supplies 13,000 Service revenue 8,500 Common stock 5,200 Required: Use only the appropriate accounts to prepare an income statement.
Business
1 answer:
Naily [24]4 years ago
5 0

Answer:

                                                  <u>Cowboy Law Firm</u>

                    <u>Income statement for the period ended December</u>

                                                                          Amount in $

Service revenue                                                   8,500

Utilities                                                                  (1,000)                                    

Salaries expense                                                 <u> (1,300)</u>

Net income/(loss)                                                 <u>  6,200</u>

Explanation:

An income statement is a part of the financial statements that shows how profitable the activities of an entity was for a given period of time. It is usually stated as the income statement for a period end.

The elements of the income statement include the revenue otherwise called sales, expenses including cost of goods sold, operating expenses etc and the profit or loss as well as the other comprehensive income/loss.

You might be interested in
Asset misappropriation is ________ likely than fraudulent financial reporting. The amounts involved in asset misappropriation ar
Mariana [72]

Answer:

The correct answer is letter "A": more; less.

Explanation:

Misappropriation of assets and fraudulent financial reporting are two major issues caused by one single corporate problem: <em>fraud</em>. Misappropriation is said to be <em>more common</em> than fraudulent financial reporting since it implies using resources of the company that are at hand for personal uses. Instead, the harm caused by misappropriation is <em>less </em>than the caused by fraudulent financial reporting since the latter involves reporting fictitious expenditures, issuing checks in blank, booking "ghost employees", or even using the company's sensitive information -such as account numbers- at will.

8 0
3 years ago
The expectancy theory proposes that ________. extrinsic rewards will reduce intrinsic interest in a task employees can view work
Citrus2011 [14]

Answer: The strength of a tendency to act in a certain way depends on the strength of our expectation of a given outcome and its attractiveness

Explanation:

The Expectancy Theory defines the efforts of individuals at work. It suggests that people only work as hard as they think is needed for them to get a certain reward or benefit. This is why when there is just a basic salary, employees are not very hard-working but if a car is thrown in as a bonus for the employee of the year, they really put in work.

It therefore shows that the strength to act in a certain way is based on how an individual believes they will be compensated and if that compensation is worth it.

3 0
3 years ago
What are three options for creating a meeting in the Meeting window subject of the meeting, location, or timing location, whom t
andrew11 [14]
<h2>timing location, whom to send the request to</h2>

Explanation:

To create a meeting, the essential information are

1. Time: Start time and end time of the meeting are essential since the participant has to know the time to appear

2. Location: In a bigger organization there will be various meeting rooms, and some time meeting will be outside the office, so the participant must know the place of meeting.

3. Whom: The person who wants to conduct the meeting must know and pass information to the targeted participant.

4 0
4 years ago
If productivity increases, prices charged to consumers will tend to increase as well. true or false
Ilia_Sergeevich [38]
The answer is true trust the process
6 0
3 years ago
Brazilians use doughnuts as a snack item whereas americans tend to associate doughnuts with breakfast; electrical voltages diffe
TiliK225 [7]
<span>Is called adaptation strategy. Adaptation is the process of modifying an existing product so it is suitable for different customers or markets. An adaptation strategy is important for companies, because it ensures that the product meets local cultural and regulatory requirements.</span>
5 0
3 years ago
Other questions:
  • Compounding frequency refers to?
    11·1 answer
  • money that is provided by the defendant to ensure his or her appearance in court is reffered to as----------------.
    9·1 answer
  • The labor force equals the number of people A) employed. B) unemployed. C) employed plus unemployed. D) in the working-age popul
    11·1 answer
  • An investor has purchased less than 20% of the common stock available from each of 12 different investees. As part of their fina
    5·1 answer
  • The following transactions occurred during the month of August 2019 for the Washington Apple Company:
    9·1 answer
  • Equipment was acquired for $ 201 comma 000and has accumulated depreciation of $ 95 comma 000.The business exchanges this equipme
    9·1 answer
  • CC’s is analyzing a proposed project with anticipated sales of 3,620 units, give or take 5 percent at a sales price of $24, plus
    10·1 answer
  • The opportunity cost of a choice is:
    8·1 answer
  • You are preparing to park your cor and you notice that you are near a rorood crossing. You
    13·1 answer
  • Progressivism dbq where will you put your million dollars answers
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!