Use the following select financial information to prepare a December 31 income statement. $50,000 Services revenue...
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Use the following select financial information to prepare a December 31 income statement. $50,000 Services revenue 45,000 Rental revenue. 65,000 Salaries expense 30,000 Insurance expense 2,000 Advertising expense 8,000 Cash Accounts receivable Land Accounts payable Salaries payable Unearned revenue $ 110,000 10,000 60,000 15,000 5,000 Use the following select financial information to prepare a December 31 income statement. $50,000 Services revenue 45,000 Rental revenue. 65,000 Salaries expense 30,000 Insurance expense 2,000 Advertising expense 8,000 Cash Accounts receivable Land Accounts payable Salaries payable Unearned revenue $ 110,000 10,000 60,000 15,000 5,000
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