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:
|
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 |