Below are the account balances for Huffman Corporation at the end of December.Use only the appropriate accounts to prepare an income statement.
$$\begin{array} { l r }
{ \text { Accounts } } & \text { Balances } \
\hline \text { Cash } & \$ 5,200 \
\text { Salaries expense } & 2,300 \
\text { Retained earnings } & 2,500 \
\text { Advertising expense } & 1,200 \
\text { Equipment } & 12,400 \
\text { Service revenue } & 9,400 \
\text { Common stock } & 8,000 \
\text { Accounts payable } & 2,200
\end{array}$$

Question

Below are the account balances for Huffman Corporation at the end of December.Use only the appropriate accounts to prepare an income statement.
$$\begin{array} { l r } 
 { \text { Accounts } } & \text { Balances } \
\hline \text { Cash } & \$ 5,200 \
\text { Salaries expense } & 2,300 \
\text { Retained earnings } & 2,500 \
\text { Advertising expense } & 1,200 \
\text { Equipment } & 12,400 \
\text { Service revenue } & 9,400 \
\text { Common stock } & 8,000 \
\text { Accounts payable } & 2,200
\end{array}$$

Quizplus · Accepted Answer

The Answer of Below are the account balances for Huffman Corporation at the end of December.Use only the appropriate accounts to prepare an income statement.
$$\begin{array} { l r } 
 { \text { Accounts } } & \text { Balances } \
\hline \text { Cash } & \$ 5,200 \
\text { Salaries expense } & 2,300 \
\text { Retained earnings } & 2,500 \
\text { Advertising expense } & 1,200 \
\text { Equipment } & 12,400 \
\text { Service revenue } & 9,400 \
\text { Common stock } & 8,000 \
\text { Accounts payable } & 2,200
\end{array}$$

Below Are the Account Balances for Huffman Corporation at the End