Question: ALBA AL Data Table - Burlington Advertising Services Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash 13,900 Accounts Receivable 15,100 Office


ALBA AL Data Table - Burlington Advertising Services Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash 13,900 Accounts Receivable 15,100 Office Supplies 7.800 Land 17,900 Building 50,000 Accumulated Depreciation-Building $ 35.100 Furniture 17,600 Accumulated Depreciation Furniture 13,900 Accounts Payable 10,500 Salaries Payable 7,600 Unearned Revenue 14,000 Common Stock 33,000 Retained Earnings 40,100 Dividends 20,100 Service Revenue 40,200 Salaries Expense 28,500 Supplies Expense 9,200 Depreciation Expense--Building 2,600 Depreciation Expense-Furniture 1,200 Advertising Expense 10,500 194,400 $ Total 194,400 $ Print Done The adjusted trial balance for Burlington Advertising Services is presented below: Click on the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Burlington Advertising Services Income Statement Year Ended December 31, 2024 Net Income (Loss)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
