Question: Following are the financial statement data for Degen Temporary Services at December 31, 2016. Prepare Degen's income statement, Accounts Payable $850 Accounts Receivable 780 Cash

Following are the financial statement data for Degen Temporary Services at December 31, 2016. Prepare Degen's income statement,

Accounts Payable

$850

Accounts Receivable

780

Cash

425

Common Stock

600

Dividends

200

Insurance Expense

75

Office Equipment

1,500

Retained Earnings, January 1, 2016

370

Salaries Expense

525

Notes Payable

40

Service Revenue

1,750

Inventory

35

Supplies Expense

50

THEY ARE MULTIPLE CHOICE

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