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Income Statement The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service firm, for the fiscal year
Income Statement The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service firm, for the fiscal year ended April 30, 2017: Depreciation Expense $ 6,700 Fees Earned 522,000 Insurance Expense 1,200 Miscellaneous Expense 2,800 Rent Expense 46,500 Salaries Expense 260,900 Supplies Expense 3,200 Utilities Expense 31,900 Fees earned Insurance expense Net income Net loss Supplies expense Prepare an income statement. Capstone Messenger Service Income Statement For the Year Ended April 30, 20Y7 Expenses: Fees earned Net loss Salaries expense Salaries payable Wages payable Fees earned Net income Net loss Rent expense Wages payable Fees earned Net income Net loss Utilities expense Wages payable Net income Net loss Rent payable Rent received Wages payable Accumulated depreciation Depreciation expense Fees earned Net income Wages payable Total expenses Fees earned Net income Supplies expense Supplies Wages payable Fees earned Insurance expense Net income Prepaid insurance Wages payable Fees earned Miscellaneous expense Net income Net loss Wages payable
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