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Accounting homeworkhelp

Requirement 1. Identify each amount shown as an asset, liability, revenue, or expense.

Office furniture. . . . . . . . . . . . Asset
Utilities expense. . . . . . . . . . . Expense
Accounts payable. . . . . . . . . Liability
Note payable. . . . . . . . . . . . . Liability
Service revenue. . . . . . . . . . . Revenue
Accounts receivable. . . . . . . Asset
Supplies expense. . . . . . . . . Expense
Rent expense. . . . . . . . . . . Expense
Cash. . . . . . . . . . . . . . . . . .
Office supplies. . . . . . . . . .
Salaries expense. . . . . . . .
Salaries payable. . . . . . . . .
Property tax expense. . . . .
Equipment. . . . . . . . . . . . . .

Requirement 2. Prepare the income statement of Albertson

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Consulting, Inc., for the year ended December

31, 2018.

Start with the heading and then complete the rest of the statement. (If a box is not used in the income statement leave the box empty; do not enter a zero.)

Albertson Consulting, Inc.
Income Statement
For the Year Ended December 31, 2018
Revenue:
Expenses:
Total expenses
Net income (loss)

Choose from any list or enter any number in the input fields and then click Check Answer.

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