Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Expenses: Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Salaries expense Utilities expense Balances $3,500 1,250 1,500 4,850 1,200 Total expenses 11,900 7,400 4,100 (9) 0 0

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue Common stock Expenses: Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Salaries expense Utilities expense Balances $3,500 1,250 1,500 4,850 1,200 Total expenses 11,900 7,400 4,100 (9) 0 0

Name: Please do not give solution in image format thanku Exercise 1-6 (Algo)
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Description: Please do not give solution in image format thanku Exercise 1-6 (Algo) Prepare an income statement (LO1-3)Below are the account balances for Cowboy Law Firm at the end of December.Balances$3,5001,2501,5004,8501,20011,9007,4004,100AccountsCashSalaries

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.5.2P

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