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hello, can you help me prepare an income statement for the year ended july 31 1 Exercise 1 John Black's Company maintains and repairs warning
hello, can you help me prepare an income statement for the year ended july 31 1 Exercise 1 John Black's Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. John Black's Company prepared the end-of-period spreadsheet shown below at July 2 31, 2020, the end of the current fiscal year: 3 4 5 0 000 6 7 8 Account Title 9 Cash 10 Accounts Receivable 11 Prepaid Insurance 12 Supplies 13 Land 14 Building 15 Accum. Depr. Building 16 Equipment 17 Accum. Depr. Equipment 18 Salaries & Wages Payable 19 Unearned Rent 20 Mortgage Payable 21 John Black, Capital 22 John Black, Drawing 23 Fees Eamed 24 Rent Revenue 25 Salaries & Wages Expense 26 Selling Expense 27 Utilities Expense 28 Repairs Expense 29 Depr. Exp. Equipment 30 Insurance Expense 31 Supplies Expense 32 Depreciation Exp.Building 33 Miscellaneous Expense End-of-Period Spreadsheet for the year ended Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 25,000 38.900 3,150 4,200 2,500 2.700 1,830 98,000 222.000 205,300 1,600 101,000 78,000 7.800 5.600 2,100 1,000 1,900 203,170 10,000 113,630 3.150 1.000 56,000 5,600 21.700 11,450 8,870 7,800 2.500 1,830 1,600 4,280 604,100 604.100 23,480 23,480 Adjusted Trial Balance Dr. Cr. 25,000 42,050 1,700 870 98,000 222.000 206,900 101.000 85,800 5,600 1.100 1.900 203,170 10,000 116.780 1,000 61,600 21.700 11.450 8,870 7,800 2,500 1.830 1.600 4,280 622.250 622.250 34 D 2 Income Statement for the year ended 3 4 5 6 7 7 8 Total revenues 9 Expenses: 10 11 12 13 14 15 16 17 18 19 20 21 Total expenses 22 Net income
hello, can you help me prepare an income statement for the year ended july 31
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