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could you help me form an income statement with this information A2 fx List of Accounts NH 3 A B C D E F G
could you help me form an income statement with this information
A2 fx List of Accounts NH 3 A B C D E F G 1 RedBear Landscaping Company 2 List of Accounts 3 December 31, 2020 4 5 Cash $ 14,700 6 Accounts Receivable 1,200 7 Supplies 10,000 8 Prepaid Expenses 8,000 9 Equipment 22,000 10 Vehicles 50,000 11 Office Furniture 5,000 12 Accumulated Depreciation 11,000 13 Accounts Payable 4,600 14 Accrued Expenses Payable 1,800 15 Note Payable (due in six months) 5,000 16 Loan Payable (due in five years) 44,500 17 Common Stock, $1 par 4,000 instructor notations 18 Additional Pald in Capital 28,000 19 Retained Earnings 12,000 20 Dividends Declared (contra RE) 1,900 21 Services Revenue 72,000 13,900 22 Wage Expense 28,800 40.00% 40.00% 23 Insurance Expense 7,200 24 Rent Expense 6,000 25 Advertising Expense 1,000 26 Depreciation Expense 11,000 27 Interest Expense 3,100 28 Income Tax Expense 1,000 7.19% 29 30 A group of four students started at the beginning of the year a new residential landscaping and snowplowing business, Red Bear Landscaping Company (RBLC). The List of Accounts (before closing) is as of the end of their first year of business. 31 32 Required: 33 1. From the List of Accounts, prepare a well-formatted, classified income statement for the year ended as noted. 12,000 19.31% Step by Step Solution
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