ookmarks Window Help wwwawhalekscom ALEKS purchase instructi

ookmarks Window Help www.awh.aleks.com ALEKS purchase instructions FIN 360-Spring 2018 - Fl ALEKS: Gritfin Douglas ACC100 ALEKS ALEKS ReviewDictionary Gradebook Calculator On December 31, Russell Co. had the following list of accounts. Prepare an income statement for the year Accounts Payable Accounts Receivable Begianing Retained Eanings Capital Stock 21,000 37,500 38,200 37,000 57,300 64,900 21,000 Propaid Rent Rent Expense Supplies Supplies Expense Uncarned Revenue Utilities Expetne s 1,100 21,100 3,800 16,600 5,000 5,600 3,300 Consulting Revenae Runsell Company Income Statement For Year Ended December 31 Choose onel Expeme IChoose onel Total Expenses Net Income s o

Solution

RUSSELL COMPANY INCOME STATEMENT PARTICULARS AMOUNT AMOUNT Revenue Counsulting Revenue $                              64,900 Total Revenue $                      64,900 Less: Expenses Entertainment Expenses $                                1,100 Rent Expenses $                                3,800 Supplies Expenses $                                5,000 Utilities Expenses $                                3,300 Total Expenses $                      13,200 Net Income $                      51,700