Cowboy Company has the following account balances as of the close of business March 31 of...

  

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Cowboy Company has the following account balances as of the close of business March 31 of the current year: Accounts Name Balance Account Name Balance Fees Earned $52,750 Accounts Payable $7,800 Accounts Receivable 15,600 Supplies Insurance Expense 5,600 Notes Payable Equipment Salaries Expense Rent Expense J. Doe, Withdrawais 11,200 3,200 12,500 Cash 11,800 23,000 Utilities Expense 900 8,500 J. Doe, Capital (3/1) 10,000 650 No additional investments were made during March. REQUIRED: Prepare the Income Statement for the month of March. Cowboy Company has the following account balances as of the close of business March 31 of the current year: Accounts Name Balance Account Name Balance Fees Earned $52,750 Accounts Payable $7,800 Accounts Receivable 15,600 Supplies Insurance Expense 5,600 Notes Payable Equipment Salaries Expense Rent Expense J. Doe, Withdrawais 11,200 3,200 12,500 Cash 11,800 23,000 Utilities Expense 900 8,500 J. Doe, Capital (3/1) 10,000 650 No additional investments were made during March. REQUIRED: Prepare the Income Statement for the month of March.

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Income statement For the month ended March 31 Fees earned A 52... View the full answer