The following account balances appear in the 2024 adjusted trial balance of Beavers Corporation: Service Revenue, $275,000;
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The following account balances appear in the 2024 adjusted trial balance of Beavers Corporation:
Service Revenue, $275,000;
Salaries Expense, $110,000;
Supplies Expense, $20,000;
Rent Expense, $26,000;
Advertising Expense Expense, $44,000; and Delivery Expense, $18,000.
Prepare an income statement for the year ended December 31, 2024.
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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