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Can someone help me solve this statement of income. The Wizard's Corner, a company that sells video games and related items, had the following account
Can someone help me solve this statement of income.
The Wizard's Corner, a company that sells video games and related items, had the following account balances at the end of June 2020: Prepare a statement of income for the year ended June 30, 2020.
The Wizard's Corner, a company that sells video games and related items, had the following account balances at the end of June 2020: Cost of goods sold $94,600 Common shares 39,500 Advertising expense 7.900 Equipment 16.700 Depreciation expense 1,670 Dividends declared 2.950 Accounts payable 11.400 Inventory 23,700 Wages expense 39,300 Sales revenue 195,400 Accounts receivable 11,400 Rent expense 12.200 Cash 62.000 Prepaid rent 1,100 Wages payable 6,400 Retained earnings (as at July 1, 2019 21,900 Prepare a statement of income for the year ended June 30, 2020. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) The Wizard's Corner Statement of Income For the Year Ended June 20.2020 Lea Expenses Depreciation Expense S 1.670 Adverg Expense 7.900 Wees Egens 39 300 Rent per 12.200 Total Expenses M: 20% v lmStep by Step Solution
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