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help complete income statement and find net income MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following
help complete income statement and find net income
MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Accounts Payable Cash Cleaning Expense Common Stock $ 900 3,000 2,700 9,000 Equipment Repairs Expense Service Revenue Wages Expense $ 7,200 600 6,000 2,400 Required: 1. Prepare an unadjusted trial balance, a preliminary income statement statement of retained earnings, and classified balance she as of and for the 11-month period ended November 30, Complete this question by entering your answers in the tabs below. Show less Unadj Trial Income Stmt of Balance Statement Retained Balance Sheet Earnings Prepare a preliminary income statement as of November 30. MYBNB Income Statement For the 11-Month Period Ended November 30 Revenues Service Revenue $ 6,000 6,000 Total Revenues Expenses Wages Expense Cleaning Expense Repairs Expense 2.400 2,700 800 Total Expenses Net Income 5,700 Step by Step Solution
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