Question 8 of 10 Cash $86,900 Retained earnings 122,000 Cost of goods sold 436,500 Salaries and wages expense 119,400 Prepaid insurance 8,100 Inventory 64,100 Accounts receivable 88,200 Sales revenue 586,600 Notes payable 6,500 Accounts payable 53,100 Service revenue 5,100 Interest expense 1,880

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 8 of 10
Cash
$86,900
Retained earnings
122,000
Cost of goods sold
436,500
Salaries and wages expense
119,400
Prepaid insurance
8,100
Inventory
64,100
Accounts receivable
88,200
Sales revenue
586,600
Notes payable
6,500
Accounts payable
53,100
Service revenue
5,100
Interest expense
1,880
Transcribed Image Text:Sheets x Dashboard w NWP Assessment Player UI Appl x Des nttps://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3D45890eae-ca08-4075 Goldlink e Google Keep Dashboard Welcome- Liferay O YouTube Desmos Homework Question 8 of 10 Cash $86,900 Retained earnings 122,000 Cost of goods sold 436,500 Salaries and wages expense 119,400 Prepaid insurance 8,100 Inventory 64,100 Accounts receivable 88,200 Sales revenue 586,600 Notes payable 6,500 Accounts payable 53,100 Service revenue 5,100 Interest expense 1,880
A Desrnos Scientific Caloulator
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ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld%-D45890eae-ca08-4075-a619-cdfdc9fe1785#/question/7
ACC201-01
Welcome - Liferay
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work
8.5/1
Question 8 of 10
>
Prepare an income statement for Splish Brothers Inc. for the year ended December 31, 2017.
Splish Brothers Inc.
Income Statement
For the Year Ended December 31, 2017
Net Income / (Loss)
Cost of Goods Sold
2$4
24
up
%
Transcribed Image Text:A Desrnos Scientific Caloulator O Dashboard NWP Assessment Player UI Appl x ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld%-D45890eae-ca08-4075-a619-cdfdc9fe1785#/question/7 ACC201-01 Welcome - Liferay 9 MLA Citation Gener. Goldlink e Google Keep O Dashboard ou Tube Desmos work 8.5/1 Question 8 of 10 > Prepare an income statement for Splish Brothers Inc. for the year ended December 31, 2017. Splish Brothers Inc. Income Statement For the Year Ended December 31, 2017 Net Income / (Loss) Cost of Goods Sold 2$4 24 up %
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