Below are the account balances for Cowboy Law Firm at the end of December.
Accounts Balances
Cash $3,900
Salaries expense 1,450
Accounts payable 1,900
Retained earnings 4,550
Utilities expense 1,100
Supplies 12,300
Service revenue 7,800
Common stock 4,500
Required:
Use only the appropriate accounts to prepare an income statement.