These financial statement items are for Ivanhoe Corporation at year end, July 31, 2021: Operating expenses...
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These financial statement items are for Ivanhoe Corporation at year end, July 31, 2021: Operating expenses Salaries expense Deferred revenue Utilities expense Equipment Accounts payable Service revenue Rent revenue Common shares Cash Accounts receivable Accumulated depreciation-equipment $32,500 47,700 12,000 2,900 64,500 5,020 116,600 19,500 28,000 4,960 18,100 6,500 Interest payable Supplies expense Dividends declared Depreciation expense Retained earnings, August 1, 2020 Rent expense Income tax expense Supplies Trading investments Bank loan payable (due December 31, 2021) Interest expense $900 1,600 14,500 3,400 16,940 11,500 4,800 2,000 19,500 25,300 2,800 Additional information: Ivanhoe started the year with $18,000 of common shares and issued additional shares for $10,000 during the year. Prepare an income statement for the year. These financial statement items are for Ivanhoe Corporation at year end, July 31, 2021: Operating expenses Salaries expense Deferred revenue Utilities expense Equipment Accounts payable Service revenue Rent revenue Common shares Cash Accounts receivable Accumulated depreciation-equipment $32,500 47,700 12,000 2,900 64,500 5,020 116,600 19,500 28,000 4,960 18,100 6,500 Interest payable Supplies expense Dividends declared Depreciation expense Retained earnings, August 1, 2020 Rent expense Income tax expense Supplies Trading investments Bank loan payable (due December 31, 2021) Interest expense $900 1,600 14,500 3,400 16,940 11,500 4,800 2,000 19,500 25,300 2,800 Additional information: Ivanhoe started the year with $18,000 of common shares and issued additional shares for $10,000 during the year. Prepare an income statement for the year.
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Answer rating: 100% (QA)
Revenue Service Revenue 116600 Rent Revenue 19500 Total Revenue Service Revenue Rent Revenu... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
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