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Below are the account balances for
Cowboy Law Firm at the end of December.
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Accounts
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Balances
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Cash
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$
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4,700
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Salaries expense
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1,850
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Accounts payable
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2,700
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Retained earnings
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4,150
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Utilities expense
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1,100
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Supplies
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13,100
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Service revenue
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8,600
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Common stock
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5,300
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Required:
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Use only the appropriate accounts
to prepare an income statement.
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