Question

The completed financial statement columns of the spreadsheet for Bramble Company are as follows.

Bramble Company Worksheet For the Year Ended December 31, 2022
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						8,800
112		Accounts Receivable						10,800
130		Prepaid Insurance						2,900
157		Equipment						24,100
158		Accumulated Depreciation—Equip.								4,400
201		Accounts Payable								9,000
212		Salaries and Wages Payable								2,500
311		Common Stock								19,300
320		Retained Earnings								8,300
332		Dividends						19,000
400		Service Revenue				59,800
622		Maintenance and Repairs Expense		1,400
711		Depreciation Expense		3,300
722		Insurance Expense		1,800
726		Salaries and Wages Expense		29,700
732		Utilities Expense		1,500
		Totals		37,700		59,800		65,600		43,500
		Net Income		22,100						22,100
		Totals		59,800		59,800		65,600		65,600

(a1)

Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Bramble Company Income Statement choose the accounting period                                                                      For the Year Ended December 31, 2022For the Month Ended December 31, 2022December 31, 2022
select an opening name for section one                                                                      DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item		$enter a dollar amount
select an opening name for section two                                                                      DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two                                                                      DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		enter a total amount for section two
select a closing name for this statement                                                                      DividendsExpensesInvestmentsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$enter a total net income or loss amount

Answer 1

a1) Income Statement
Bramble Company
Income Statement
For the Year Ended December 31, 2022
Service Revenue		$59,800
Less: Expenses:
Maintenance and Repairs Expense	($1,400)
Depreciation Expense	($3,300)
Insurance Expense	($1,800)
Salaries and Wages Expense	($29,700)
Utilities Expense	($1,500)
Total Expenses		($37,700)
Net Income		$22,100