The account balances of Strong Arms Coaching at June 30, 2025, follow: 

Requirements 

1. Prepare the income statement for Strong Arms Coaching for the month ending June 30, 2025. 

2. What does the income statement report?

Transcribed Image Text:

Equipment Supplies Notes Payable Rent Expense Cash Dividends $ 13,600 Service Revenue 900 6,900 1,550 1,900 1,000 Accounts Receivable Accounts Payable Retained Earnings, June 1, 2025 Salaries Expense Common Stock $ 12,200 6,200 3,000 950 1,900 4,000