Below are the account balances for Cowboy Law Firm at the end of December:
Accounts
Balances
Cash Salaries expense Accounts payable Retained earnings Utilities expense Supplies Service revenue common Gf0c7
$40,000 $90,000 $60,000
Required: Use only the appropriate accounts to prepare an income statement:
COWBOY LAW FIRM
Income Statement
For the Period Ended December 31
Service revenue
$8,900
Expenses: Supplies Utilities expense Salaries expense
$1,100 $2,000 $16,500
Total expenses Net income
$33,000 $600
Note: Red text indicates response was expected points Jequcreo
Formula-based calculation incorrect;