Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300 Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common stock 4,200 Required: Use only the appropriate accounts to prepare an income statement.

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Keyon Tucker

18 April, 12:34

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Reilly Chen · Answer 1

Income Statement

Sales $7.500

Salaries expense - $1.300

Utilities expense - $1.100

Net Income 5.100