Business
Business, 06.10.2019 03:30, iloveballet1857

Received $9,500 cash for consulting services rendered. issued 10 additional shares of common stock at a market price of $120 per share. purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. received $890 from clients for consulting services to be performed in the next year. bought $470 of supplies on account. incurred and paid $1,800 in utilities for the current year. consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. received $2,980 from clients paying on their accounts. incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal year. received $10 in interest revenue earned in the current year on short-term investments. required: prepare in good form an unadjusted classified income statement for the current year ended december 31. (ignore income taxes.) (enter your answer in thousands, not in dollars.)

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Received $9,500 cash for consulting services rendered. issued 10 additional shares of common stock a...

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