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How to prepare the income statement for the year

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Reference no: EM13508495

Calculate net income. (LO 1, 4)

Suppose a company had the following accounts and balances at year-end:

Service revenue

$7,400

Interest revenue

$2,200

Unearned revenue

$3,250

Operating expenses

$1,500

Prepaid rent

$1,030

Prepare the income statement for the year.

 

Reference no: EM13508495

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