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

Accounts Balances
Cash $4,100
Salaries expense 1,550
Accounts payable 2,100
Retained earnings 4,550
Utilities expense 1,200
Supplies 12,500
Service revenue 8,000
Common stock 4,700

Required:
Use only the appropriate accounts to prepare an income statement.

Respuesta :

Tundexi

Answer:

           COWBOY LAW FIRM    

             Income Statement  

Service Revenue                       $8,000

Expenses

Salaries Expenses      $1,550

Utilities Expenses       $1,200

Total Expenses                          $2,750

Net Income                                $5,250

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