Below are the account balances for Cowboy Law Firm at the end of December.
| Accounts | Balances | ||
| Cash | $ | 3,700 | |
| Salaries expense | 1,350 | ||
| Accounts payable | 1,700 | ||
| Retained earnings | 4,550 | ||
| Utilities expense | 1,000 | ||
| Supplies | 12,100 | ||
| Service revenue | 7,600 | ||
| Common stock | 4,300 | ||
Required:
Use only the appropriate accounts to prepare an income statement.
| Accounts | Balances | ||
| Cash | $ | 3,700 | |
| Salaries expense | 1,350 | ||
| Accounts payable | 1,700 | ||
| Retained earnings | 4,550 | ||
| Utilities expense | 1,000 | ||
| Supplies | 12,100 | ||
| Service revenue | 7,600 | ||
| Common stock | 4,300 | ||
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Use only the appropriate
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