Suppose a company had the following accounts and balances at year end after all adjustments had been
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Suppose a company had the following accounts and balances at year end after all adjustments had been made:
Service revenue ........ $7,400
Interest revenue ........ $2,200
Unearned revenue ....... $3,250
Operating expenses ....... $1,500
Prepaid rent ......... $1,030
Prepare the income statement for the year.
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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