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Hi I have this work sheet for accounting that I am just not understanding , Can some one please explain this ? The adjusted trial

Hi I have this work sheet for accounting that I am just not understanding , Can some one please explain this ?

The adjusted trial balance of Carla Vista Company at December 31, 2020, includes the following accounts: Owner's Capital $16,500, Owner's Drawings $7,700, Service Revenue $37,200, Salaries and Wages Expense $15,700, Insurance Expense $3,000, Rent Expense $4,600, Supplies Expense $2,500, and Depreciation Expense $1,100.

I have to prepare an income statement for the year.

CARLA VISTACOMPANY

Income Statement

December 31, 2020

For the Year Ended December 31, 2020

For the Month Ended December 31, 2020

Drawings

Expenses

Investments

Net Income / (Loss)

Owner's Capital, January 1

Owner's Capital, December 31

Revenues

Total Expenses

Total Revenues

$

Drawings

Expenses

Investments

Net Income / (Loss)

Owner's Capital, January 1

Owner's Capital, December 31

Revenues

Total Expenses

Total Revenues

$

Drawings

Expenses

Investments

Net Income / (Loss)

Owner's Capital, January 1

Owner's Capital, December 31

Revenues

Total Expenses

Total Revenues

Drawings

Expenses

Investments

Net Income / (Loss)

Owner's Capital, January 1

Owner's Capital, December 31

Revenues

Total Expenses

Total Revenues

$

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