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Instructions X The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted
Instructions X The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 2018, the end of the fiscal year: $8,400 3,800 8,700 55,000 Depreciation expense Insurance expense Miscellaneous expense Rent expense Service revenue Supplies expense Utilities expense Wages expense 449,800 2,250 33,500 353,000 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 January 31, 2018 For the Year Ended January 31, 2018 Amount Descriptions Net income Net loss Total expenses Income Statement 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. Acorn Health Services Co. Income Statement (Label) 1 2 Label) 3 4 5 6 7 8 9 10 11
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