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10/2/2020 Assignment Print View 1/4 Score: 95/100 Points 95 %
10/2/2020 Assignment Print View 2/4 3. Award: 20 out of 20.00 points The Income Statement This lesson will help you refresh your knowledge on the basics of the income statement. Brushing up on these concepts now will help you tackle your finance coursework later. Press play to watch the first presentation below. Click on the numbers to navigate through the lesson, and then complete the Concept Check at the end to cement your skills and receive credit. Concept Check General Ledger for ABC Company The following is the general ledger for ABC Company as of December 31, 20X1. Use this information to answer questions (1) through (4). ABC Company General Ledger As of December 31, 20X1 Amount Assets Cash $29,400 Accounts receivable 8,100 Supplies 4,900 Prepaid rent 20,200 Equipment (net)

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