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CULLUMBER COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,400 Accounts Receivable 7,200 Prepaid Rent 2,400 Equipment 23,000 Accumulated DepreciationEquip. 4,600 Notes Payable 5,600 Accounts Payable 5,200 Owners Capital 28,080 Owners Drawings 3,300 Service Revenue 15,900 Salaries and Wages Expense 10,500 Rent Expense 900 Depreciation Expense 680 Interest Expense 50 Interest Payable 50 Totals 59,430 59,430

Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CULLUMBER COMPANY Income Statement For the Year Ended April 30, 2020April 30, 2020For the Month Ended April 30, 2020 DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues $ DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues $ Drawings Expenses Net Income / (Loss) Owner's Capital, April 30 Owner's Capital, April 1 Revenues Total Expenses Total Revenues DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues $ SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT

Your answer is incorrect. Try again. Prepare an owners equity statement. (List items that increase owner's equity first.) CULLUMBER COMPANY Owners Equity Statement For the Month Ended April 30, 2020April 30, 2020For the Year Ended April 30, 2020 DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues $ AddLess : DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues AddLess : DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues DrawingsExpensesNet Income / (Loss)Owner's Capital, April 30Owner's Capital, April 1RevenuesTotal ExpensesTotal Revenues $

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