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How to create a Monthly Income Statement for your own company based on the following accounts table. Shop rent $2,000 Sales receipts 50,000 Utilities 500

How to create a Monthly Income Statement for your own company based on the following accounts table.

Shop rent

$2,000

Sales receipts

50,000

Utilities

500

Bank Loan

1200

Telephone expense

70

Office supplies

50

Auto expense

300

Accounts Payable

1000

Cash

500

Wages

6000

Accounts Receivable

6000

Fuel Cost

100

Insurance Payment

200

Depreciation expense

1000

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