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1. Do a single step income statement using the information below (3 pts) Credits ENGLAND TOURS COMPANY Adjusted Trial Balance December 31, 20X3 Debits Cash
1. Do a single step income statement using the information below (3 pts) Credits ENGLAND TOURS COMPANY Adjusted Trial Balance December 31, 20X3 Debits Cash $15,500 Accounts receivable 4,500 Equipment 45,000 Accumulated depreciation Accounts payable Unearned revenue Salaries payable Interest payable Notes payable Capital stock Revenue Salaries expense 17,000 Advertising expense 5,000 Fuel expense 2,000 Depreciation expense 5,000 Interest expense 1,200 Dividends 1,000 596,200 $ 5,000 4,000 1,200 2,000 1,200 20,000 30,000 32,800 $96,200
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