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Instructions The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended
Instructions The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 2018: $8,850 684,000 1,000 3,650 Depreciation expense Fees earned Insurance expense Miscellaneous expense Rent expense Salaries expense Supplies expense Utilities expense 53,000 339,500 3,700 42,800 Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. You will not need to enter colons() on the income statement Labels and Amount Descriptions Labels Expenses November 30, 2018 For the Year Ended November 30, 2018 Amount Descriptions Net income Net loss Total expenses Income Statement x Prepare an income statement. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. You will not need to enter colons() on the income statement. Urgent Messenger Service Income Statement (Label) 1 2 (Label) 3 4 5 6 7 8 9 10 11
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