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8 Part 2 of 3 266 Doads required information The following information applies to the questions displayed below! Dyer, Inc. completed its first year of
8 Part 2 of 3 266 Doads required information The following information applies to the questions displayed below! Dyer, Inc. completed its first year of operations on December 31, 2018 Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement Income Statement, 2010 Rent Revenue $814,500 Expenses Salaries and Wages Expense $25,600 Repairs and Maintenance Expense 11,100 Rent Expense 9,100 utilities Expense 4,100 Travel Expense 3.100 Total Expenses 58,000 Income 556.500 You are an independent CPA hired by the company to oudit the firm's accounting systems and financial statements in your audit you developed additional cats as follows PI ol a Wages for the last three days of December amounting to $320 were not recorded or paid The $410 telephone bill for December 2018 has not been recorded or pad c Depreciation of equipment amounting to $23.100 for 2018 was not recorded. Interest of $510 was not recorded on the notes payable by Dyer, Inc. e The Rental Revenue account includes $4,100 of revenue to be earned in January 2019 y Supplies costing $610 were used during 2018, but this has not yet been recorded 9. The income tax expense for 2018 is 57100, but it won't actually be paid until 2019 2. Prepare in proper form, an adjusted income statement for 2018, DYER, INC Income Statement
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