Prepare an income statement

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Reference no: EM132680041

Problem - Income statement - The following account balances were taken from the adjusted trial balance for On-Time Messenger Service, a delivery service firm, for the current fiscal year ended April 30, 2012:

Depreciation Expense

$6,400

 

Rent Expense

$48,400

Fees Earned

340,000

 

Salaries Expense

171,040

Insurance Expense

1,200

 

Supplies Expense

2,200

Miscellaneous Expense

2,600

 

Utilities Expense

18,560

Required - Prepare an income statement.

Reference no: EM132680041

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