just need the income statement
PRIME SOLUTIONS Income Statement For Three Months Ended December 31, 2019 Revenues $ 0 0 Expenses: 0 0 + 0 0 0 0 0 0 0 0 0 $ 0 Net income PRIME SOLUTIONS Trial Balance December 31, 2019 Account Tille Debit Credit $ 38,378 8,600 4,370 3,600 5.100 8,800 26.400 1,550 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable Uneamed computer services revenue Common stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellanous expenses Repairs expense - Computer Total 1,950 77.500 5,700 30,100 4,320 3,028 704 340 1,760 111,100 $ 111,100 wan . No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 33,568 Nov 30 14,400 1 Dec 02 1,300 32,268 3 Dec 04 5,800 8,600 2 Dec 03 680 2 2 2 2 31,588 37,388 3 Dec 04 5,800 4 Dec 10 960 36,428 38,378 Dec 14 1,950 Computer supplies Prepaid insurance No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 Nov 30 3,600 2,820 4,370 6 Dec 15 1,550 Prepaid rent Office equipment No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 5,100 Nov 30 8,800 Computer equipment Accounts payable No. Date Debit Credit No. Date Debit Credit Balance Nov 30 Balance 26,400 Nov 30 0 1,550 6 Dec 15 1,550 Unearned computer services revenue Common stock No. Date Debit Credit Balance No. Date Debit Credit Balance Nov 30 77,500 1,950 5 Dec 14 1,950 Dividends Computer services revenue No. Date Debit Credit Balance No. Date Debit Credit Balance Common stock Unearned computer services revenue No Balance Credit Date Debit Credit Balance Debit No. Date 0 77,500 Nov 30 5 Dec 14 1,950 1,950 Dividends Computer services revenue No. Balance Credit Date Debit Credit No. Balance Date Debit 5,700 Nov 30 30,100 Advertising expense Wagos expense Debit Credit No. Date Balance No. Balance Date Credit Debit 3,360 Nov 30 1,728 Nov 30 Dec 10 960 4,320 Dec 02 1,300 3,028 Mileago expenso Miscellanous expenses No. Dato Debit Credit Balance No. Dato Debit Credit Balance Nov 30 704 Nov 30 340 Repairs oxpense - Computer No. Date Debit Credit Balance Nov 30 1,080 2 Dec 03 680 1,760 The November 30, 2018, unadjusted trial balance of Prime Solutions is found in the Trial balance tab. Prime Solutions had the following transactions and events in December 2018 Dee Dec Dec. Dee. Dec Dee. Dee Dec. Dee . 2 Paid 51.300 cash te Westside Hall for Prime Solutions' share of all advertising costs. 3 Paid $60 cash for minor repairs to the company's computer. Received 65,000 cash tron Clark Engineering Co. for the receivable from November 10 Paid canh to Kathy Byrnes for six days of work at the rate of 1160 per day Id Notified by Clark Inteering co. that is solutions bid of 57.900 on a proposed project has been accepted Clark palda 51,950 Cash advance to Prise Solutions. 15 Purchased 51.550 of computer supplies on credit from Hayes Office Producte. 16 Sent a reminder to Potter Co. to pay the fee for services recorded on November 8. 20 Completed project for millor corporation and received $6.500 cash 22- took the week off for the holidays. 26 28 Received $3,200 cash from rotter Co. on its receivable. 29 Reimbursed J. Byenes for business automobile mileage (000 miles at 30.12 per mile). 31 The company paid $1.900 cash individends. Dec. Dec. Dec. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements for the company's first three months a. The December 31 inventory count of computer supplies shows $940 still available, b. Three months have expired since the 12-month insurance premium was paid in advance C. As of December 31, Kathy Byrnes has not been paid for four days of work at $160 per day d. The computer system, acquired on October 1, is expected to have a four-year life with no salvage value e. The office equipment, acquired on October 1, is expected to have a five-year life with no salvage value. Three of the four months' prepaid rent has expired
