Table 2-1
the Following Is a List of the Accounts

question 67

Essay

Table 2-1
The following is a list of the accounts and their balances appearing in the ledger of Henry Garage Repairs as of December 31, 2019, the company's year end. The accounts are in alphabetical order and have normal balances. $\begin{array} { l r } \text { Accounts payable } & \$ 450 \\\text { Accounts receivable } & 1,250 \\\text { Cash } & 400 \\\text { Equipment } & 12,600 \\\text { Gasoline expense } & 600 \\\text { Ian Henry, Capital } & 6,600 \\\text { Ian Henry, Withdrawals } & 500 \\\text { Notes payable } & 11,000 \\\text { Rent expense } & 1,200 \\\text { Repairs expense } & 650 \\\text { Salary expense } & 700 \\\text { Salary payable } & 100 \\\text { Service revenue } & 8,250 \\\text { Supplies } & 200 \\\text { Supplies expense } & 300 \\\text { Truck } & 8,000\end{array}$
-Refer to Table 2-1. Prepare an Income statement for Henry Garage Repairs for the year ended December 31, 2019.

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Definitions:

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into tissues.

Physiological Basis

Refers to the underlying biological mechanisms and processes that support the functioning of living organisms.

Ghrelin

Ghrelin is a hormone produced in the stomach that stimulates appetite, leading to increased food intake and promoting fat storage.

Hunger

The physiological need for food, characterized by feelings of discomfort or weakness caused by the lack of food intake.