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maybaby9625
20.06.2020 •
Business
The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.: Accumulated Depreciation $32,000 Fees Earned 78,000 Depreciation Expense 7,250 Rent Expense 34,000 Prepaid Insurance 6,000 Supplies 400 Supplies Expense 1,800 Prepare an income statement.
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Ответ:
Explanation:
Income statement for Finnegan Co for the period Ended April 30
Fees earned ( Revenue) 78,000
Depreciation Expenses (7,250)
Rent expenses (34,000)
Supplies Expenses (1800)
Income 34,950
Prepaid insurance (6000) and supplies (400) are current assets item of the statement of financial position (balanced sheet) while accumulated depreciation (32000) is a contra asset account on the balanced sheet as a reduction on the fixed assets.
Ответ:
Safety is the responsiblitiy of EVERYONE.