Below Are the Account Balances for Huffman Corporation at the End

question 152

Essay

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

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