Jim Williams, owner of Williams Home Decorating Service, has requested that you prepare from the following balances (a) an income statement for April 201X, (b) a statement of the owners equity fir April, and (c) a balance sheet as of April 30, 201X.

Given:

Answer:

(a). Prepare the income statement. Complete the heading as well as the body of the statement. ( If a box is not used in the income statement or has a zero balance, leave the box empty; do not select a label or enter a zero.)

Cash $ $ $ 2,500 Accounts Receivable 110 35 Decorating Equipment Accounts Payable J. Williams, Capital, Apr. 1. 2018 J. Williams, Withdrawals 1,900 Home Decorating Fees 550 Advertising Expense 425 Repair Expense 850 Travel Expense 880 Supplies Expense 200 Rent Expense 650 135 225