Question
After Adjustment Dr. Cr. $10,500 9,800 700 2,600 14,900 CULLUMBER COMPANY Trial Balance August 31, 2020...
After Adjustment Dr. Cr. $10,500 9,800 700 2,600 14,900 CULLUMBER COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,500 Accounts Receivable 8,800 Supplies 2,300 Prepaid Insurance 3,700 Equipment 14,900 Accumulated Depreciation-Equipment $ 3,700 Accounts Payable 5,900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,300 Owner's Capital 16,000 Service Revenue 34,100 Rent Revenue 11,200 Salaries and Wages Expense 17,200 Supplies Expense 0 Rent Expense 14,800 Insurance Expense 0 Depreciation Expense 0 $72,200 $72,200 $ 4,300 5,900 1,200 600 16,000 35,100 11,900 18,400 1,600 14,800 1,100 600 $75,000 $75,000
Prepare the income statement for the year. CULLUMBER COMPANY Income Statement $ $ 7 | $
Answers
Income statement
August 31,2020
Revenue Service revenue 35100 Rent revenue 11900 Total revenue 47000 Expense Salaries and wages expense 18400 Supplies expense 1600 Rent expense 14800 Insurance expense 1100 Depreciation expense 600 Total expense 36500 Net income 10500
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