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harra harra
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7 years ago
Based on the following adjusted trial balance, prepare an income statement for Summers Company for the year ended December 31, 2013.

   Summers Company
   Adjusted Trial Balance
   December 31, 2013

   Debit   Credit
Cash   $10,500
Accounts receivable   20,000
Supplies   2,700
Office furniture   10,000
Accum. amort.-office furniture      $4,350
Salary payable      760
Unearned service revenue      1,140
Jody Summers, Capital      12,550
Jody Summers, Withdrawals   2,800
Service revenue      40,060
Salary expense   8,360
Rent expense   2,850
Amort. expense-office furn.   350
Supplies expense     1,300   _______
Total   $58,860   $58,860
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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harra Author
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7 years ago
Very timely, excellent answer
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