suppose a company had the following accounts and balances at year end 517024
SE3-12. Calculate net income. (LO 1, 4)
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suppose a company had the following accounts and balances at year end 517024
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Suppose a company had the following accounts and balances at year-end:
|
Service revenue |
$7,400 |
|
Interest revenue |
$2,200 |
|
Unearned revenue |
$3,250 |
|
Operating expenses |
$1,500 |
|
Prepaid rent |
$1,030 |
Prepare the income statement for the year.
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