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Create an income statement for Money Management Company

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Reference no: EM133038273

Question - Mr. Cash is the owner of Money Management Company. The following is a list of his assets and liability accounts for March 2021:

Bank $65,000

Automobile $5000

Supplies $500

A/R - Prose Portraits $2500

Building $90,000

A/P - Gray Designs $150

Bank Loan $5000

Mortgage $40,000

Mr. Cash, Capital ?

Create an income statement for Money Management Company. Were they profitable for the month of April 2015?

Reference no: EM133038273

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