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can yoi help solve .enter digits in millions, not in while dollars. Saved Help Save & On Time Corporation reported its balance sheet at May
can yoi help solve .enter digits in millions, not in while dollars. Saved Help Save & On Time Corporation reported its balance sheet at May 31, 2016. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements. ON TIME CORPORATION Adjusted Trial Balance At May 31, 2016 (millions of dollars) Debit Credit $ 3,680 $ 5,700 20,300 5,600 3,400 3,100 240 39,500 4,500 1,250 1,250 170 80 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Depreciation Expense Dividends Equipment Goodwill Income Tax Expense Income Tax Payable Interest Expense Interest Receivable Interest Revenue Notes Payable (long-term) Notes Payable (short-term) office Expenses Prepaid Rent Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Transportation Expense 90 8,400 650 7,610 1,200 3,200 2,600 16,689 17,300 2,400 48,400 520 12,600 o a Prepare an income statement for the year ended May 31, 2016. (Enter your answers in millions, not in whole dollars.) ON TIME CORPORATION Income Statement For the Year Ended May 31, 2016 (in millions) Revenues Service Revenue Interest Revenue 48,400 90 48,490 Total Revenues Expenses Depreciation Expense Office Expenses Prepaid Rent Rent Expense Repairs and Maintenance Expense Salaries and Wages Expense Transportation Expense Interest Expense Income Tax Expense Net Loss Dres
can yoi help solve .enter digits in millions, not in while dollars.
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