Solution-Prepare the income statement of reva stewart

Prepare the income statement of reva stewart

Reference no: EM13548874

Preparing the income statement The accountant for Reva Stewart, CPA, P.C., has posted adjusting entries (a) through (e) to the accounts at December 31, 2012. Selected balance sheet accounts and all the revenues and expenses of the entity follow in T-account form.

Accounts receivable	Supplies
22,700	1200(a)	600
(e)800
Acc.depr-equipment	Acc.depr-building
5000		30,000
(b)1,900		(c)5,000
Salary payables	Service revenue
(d)900	105,700
	(e)800
Salary expense	Supplies expense
28,200	(a)600
(d)900
Depreciation expense-equip	Depreciation expense-bldg.
(b)1,900	(c)5,000

Requirements

1. Prepare the income statement of Reva Stewart, CPA, P.C., for the year ended December 31, 2012.

2. Were 2012 operations successful?

Reference no: EM13548874

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Prepare the income statement of reva stewart

Reference no: EM13548874

Reference no: EM13548874

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