These financial statement items are for Cullumber Company at year-end, July 31, 2022.
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Business, 05.03.2020 15:40 glitterpanda2468
These financial statement items are for Cullumber Company at year-end, July 31, 2022.
Salaries and wages payable $ 3,900
Salaries and wages expense 59,100
Supplies expense 16,800
Equipment 17,000
Accounts payable 4,100
Service revenue 67,700
Rent revenue 9,700
Notes payable (due in 2025) 3,300
Common stock 16,000
Cash 35,100
Accounts receivable 11,300
Accumulated depreciation—equipment 7,600
Dividends 4,000
Depreciation expense 4,000
Retained earnings (beginning of the year) 35,000
a. Prepare an income statement for the year. Vaughn Manufacturing did not issue any new stock during the year.
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