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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following items and amounts are taken from the 2013 financial records of Cynatech. Prepare an income statement for the year ending December 31, 2013:
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|
Prepaid rentAc€¦Ac€¦Ac€¦Ac€¦................... |
$ 3,200 |
Salaries payableAc€¦Ac€¦........................ |
$ 6,000 |
|
EquipmentAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦..........Ac€¦. |
29,000 |
Common stockAc€¦Ac€¦.......................Ac€¦ |
10,500 |
|
Salaries expenseAc€¦Ac€¦Ac€¦.......Ac€¦Ac€¦ |
42,000 |
Supplies expense............................. |
4,700 |
|
Utilities expenseAc€¦Ac€¦.........Ac€¦Ac€¦Ac€¦ |
1,100 |
Retained earnings, Jan. 1, 2013......... |
12,000 |
|
Dividends..................................... |
7,600 |
Insurance expenseAc€¦Ac€¦Ac€¦.................. |
8,200 |
|
Accounts payableAc€¦Ac€¦Ac€¦Ac€¦.......Ac€¦ |
10,200 |
Service revenueAc€¦Ac€¦Ac€¦..................... |
95,000 |
|
CashAc€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦Ac€¦......... |
9,900 |
Repair expenseAc€¦Ac€¦Ac€¦...................... |
4,500 |
|
Accounts receivableAc€¦Ac€¦Ac€¦.......... |
9,500 |
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