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Prepare the income statement for lalonde engineering

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Reference no: EM132697622

Lalonde Engineering Services is owned by François Lalonde. Here is a listing, in random order, of financial statement items for the business, for the year ended December 31, 2017.

Cash$7,610
Accounts receivable1,300
Supplies600
Equipment5,800
Accounts payable840
Salaries payable470
F. Lalonde, capital January 1, 2017 6,900
F. Lalonde, drawings 4,300
Service revenue20,860
Rent expense4,800
Salaries expense3,500
Supplies expense800
Utilities expense360

Problem 1: Prepare the income statement

Reference no: EM132697622

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