Jason Consulting Engineers

Trial Balance

December $31,2025$

Fees received in advance from clients $$5,680,$ which were recorded as revenue.

Services performed for clients that were not recorded by December $31,$$$4,480.$

Bad debt expense for the year is $$1,445.$

Insurance expired during the year $$442.$

Equipment is being depreciated at $10\%$ per year.

Jason gave the bank a $90-$day, $10\%$ note for $$7,200$ on December $1,2025.$

Rent of the building is $$786$ per month. The rent for $2025$ has been paid, as has that for January $2026,$ and recorded as Rent

Expense.

Office salaries and wages earned but unpaid December $31,2025,$$$2,510.$

$($a$).$

$($b$1)$

Your Answer

Correct Answer

Prepare an income statement for $2025.($Enter loss using either a negative sign preceding the number eg$.-45$ or parentheses eg$.(45).)$

JASONCONSULTING ENGINEER

Income Statement

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