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I need help with the Statement of Income for this trial and balance. Please indicate your full solution. Cash Accounts Receivable Prepaid Advertising Supplies Notes
I need help with the "Statement of Income" for this trial and balance. Please indicate your full solution.
Cash Accounts Receivable Prepaid Advertising Supplies Notes Receivable Interest Receivable Equipment Accumulated Depreciation - Equipment Accounts Payable CORONADO LTD. Adjusted Trial Balance August 31, 2021 $ Debit 4,760 5,160 185 1,040 3,800 38 11,110 $ Credit 2,398 2,860 Salaries Payable Income Tax Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Interest Income Salaries Expense Rent Expense Supplies Expense 510 6,160 410 740 1,670 270 1,260 12,700 4,669 DOWN! 8,740 19 Depreciation Expense Income Tax Expense Advertising Expense LA 218 270 185 34,586 LA III 34,586 Revenues Deferred Revenue Service Revenue Total Revenue Expenses Salaries Expense Rent Expense Supplies Expense Depreciation Expense V CORONADO LTD. Statement of Income Month Ended August 31, 2021 $ 1,260 8,740 6,160 410 740 218 i i i 10,000 Advertising Expense Total Expenses Income Before Income Tax Income Tax Expense Net Income 185 7,713 7,713 270Step by Step Solution
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