ACC 3010 Project 2 Part 3

Prepare the multi step income statement for the year ended June 30, 2019. You must include appropriate dollar signs and appropriate underlines and correct formatting for the statement to receive full credit. (include formulas used)

KTZFIG Consulting & Sales and Sales Inc
PARTIALLY ADJUSTED TRIAL BALANCE
June 30 2019
		Adusted TB
		DR	CR
Cash		241,768
Accounts Receivable		153,903
Allowance for Uncollectible Accounts			2,989
Supplies		64,789
Inventory		530
Prepaid Insurance		16,800
Land		61,400
Building		125,500
Accumulated Depr Building			5,670
Computer equipment		54,687
Accumulated Depr Comp Equip			1,750
Office Furniture		96,780
Accumulated Depr - Office Furniture			890
Accounts Payable			51,151
Interest Payable			3,200
Utilities Payable			8,952
Wages Payable			78,400
Long term Note Payable			90,000
Mortgage Payable			60,000
Common Stock			400,000
Retained Earnings			106,468
Dividends		6,000
Service Revenue			345,650
Tablet Sales Revenue			218,641
Cost of Goods Sold		157,835
Bad Debt Expense		1,009
Depreciation Expense Building		1,350
Depreciation Expense - Computer Equip		890
Depreciation Expense - Office Furn		650
Interest Expense		3,560
Insurance Expense		38,950
Supplies expense		72,860
Bank fee (expense)
Utilities Expense		75,900
Wage Expense		198,600
Subtotals
Net Income
TOTALS		1,373,761	$1,373,761