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Balance Sheet My-Best Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2014, the

image text in transcribedBalance Sheet My-Best Weight Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2014, the end of the current fiscal year, the balances of selected accounts from the ledger of My-Best Weight Co. are as follows: Accounts Payable $11,430 Accounts Receivable 27,550 Accumulated Depreciation - Equipment 34,400 Blanca Tierney, Capital 229,290 Cash ? Equipment 99,440 Land 132,000 Prepaid Insurance 6,400 Prepaid Rent 4,000 Salaries Payable 4,460 Supplies 690 Unearned Fees 3,310

Wayne Corporation had the following revenue and expense account balances for a recent year ending May 31, 2014: Depreciation Fuel Maintenance and Repairs Other Expense (Income) Net Provision for Income Taxes Purchased Transportation Rentals and Landing Fees Revenues Salaries and Employee Benefits $1,500 5,235 2,550 8,100 1,305 1,950 2,835 40,050 14,295 Hide Prepare an income statement. Wayne Corporation Income Statement For the Year Ended May 31,2014 Expenses: Total expenses

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