Solution-The following revenue and expense account

The following revenue and expense account

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Reference no: EM131122022

1. The following revenue and expense account balances were taken from the ledger of Infinet Services Co. after the accounts had been adjusted on January 31, 2010, the end of the current fiscal year:

Depreciation Expense $12,200 Service Revenue $233,900
Insurance Expense 6,000 Supplies Expense 2,875
Miscellaneous Expense 4,750 Utilities Expense 18,750
Rent Expense 49,300 Wages Expense 184,300

Prepare an income statement.

Reference no: EM131122022

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The following revenue and expense account

Reference no: EM131122022

Reference no: EM131122022

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