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An inexperienced accountant for Yarnell Company prepared the following income statement for the month of August 2013 YARNELL COMPANY August 31, 2013 Revenues: Services provided
An inexperienced accountant for Yarnell Company prepared the following income statement for the month of August 2013 YARNELL COMPANY August 31, 2013 Revenues: Services provided to customers $ 14,000 Investment by shareholders 5,000 Loan from bank 15,000 $ 34,000 Expenses: Payments to long-term creditors $ 11,700 Expenses required to provide services to customers 8,500 Purchase of land 16,000 36,200 Loss $ 2,200 Prepare a revised income statement in accordance with generally accepted accounting principles. (Input all amounts as positive values. Omit the "S" sign in your response.) YARNELL COMPANY Income Statement For the Month Ended August 31, 2013 (Click to select) $ (Click to select) (Click to select) $
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