=+Accounts payable $ 12,000 Miscellaneous expense $ 8,000 Accounts receivable 32,000 Office expense 111,000 Cash 78,000 Supplies

Question:

=+Accounts payable $ 12,000 Miscellaneous expense $ 8,000 Accounts receivable 32,000 Office expense 111,000 Cash 78,000 Supplies 6,000 Fees earned 475,000 Wages expense 239,000 Land 150,000 Prepare an income statement for the current year ended June 30, 2010.

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