Homework Answers
| Whispering Winds Corp. | ||
| Income Statement | ||
| For the year ended December 31, 2019 | ||
| Service Revenue | $36,500 | |
| Less: Expenses: | ||
| Salaries and Wages Expense | ($16,300) | |
| Insurance Expense | ($2,600) | |
| Rent Expense | ($3,300) | |
| Supplies Expense | ($2,400) | |
| Depreciation Expense | ($1,700) | |
| Total Expenses | ($26,300) | |
| Net Income | $10,200 | |
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The adjusted trial balance of Whispering Winds Corp. at December 31, 2019, includes the following accounts:...
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The adjusted trial balance of Whispering Winds Corp. at December 31, 2017, includes the following accounts: Retained Earnings $16,680, Dividends $6,539, Service Revenue $37,549, Salaries and Wages Expense $13,817, Insurance Expense $1,796, Rent Expense $3,899, Supplies Expense $1,519, and Depreciation Expense $929. Prepare an income statement for the year. WHISPERING WINDS CORP. Income Statement
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The adjusted trial balance of Parsons Company at December 31,
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The adjusted trial balance of Parsons Company at December 31,
2017, includes the following accounts: Common Stock $16,200,
Dividends $7,500, Service Revenue $38,600, Salaries and Wages
Expense $15,500, Insurance Expense $2,600, Rent Expense $3,700,
Supplies Expense $1,500, and Depreciation Expense $1,900. Prepare
an income statement for the year.
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