Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
harra harra
wrote...
Go to Answer
Posts: 1309
Rep: 2 0
6 years ago
On January 1, 2014, Brad Thomas invested $30,000 in Thomas Repairs. During 2014, Brad withdrew $17,000 for personal use. Thomas Repairs reports the following balances on December 31, 2014:

Accounts receivable   $ 9,000
Accounts payable   4,200
Service revenue   25,550
Land   4,000
Rent expense   4,500
Note payable   3,800
Supplies   900
Brad Thomas, Capital, Jan. 1, 2014   0
Salary expense   9,650
Cash   18,500
Brad Thomas, Withdrawals   17,000

Prepare an income statement for the year ended December 31, 2014.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 121 times
2 Replies
Replies
Answer verified by a subject expert
KryzenKryzen
wrote...
#1
Posts: 466
Rep: 34 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

harra Author
wrote...
#2
6 years ago
thank you × a million
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1364 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 2197
  
 4429
  
 870
Your Opinion
Previous poll results: Which is the best fuel for late night cramming?