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K.T.C.A 3. Prepare the June income statement, in acceptable form, for Gerri's Services, using the following information. The list below contains several assets and liabilities.

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K.T.C.A 3. Prepare the June income statement, in acceptable form, for Gerri's Services, using the following information. The list below contains several assets and liabilities. Remember only the revenue and expense accounts are used to prepare the income statement. Salaries Expense $ 3 000 Rent Expense $ 2 000 Fees Revenue 9 975 Building 350 000 Mortgage Payable 200 000 Advertising Expense 2 000 Other Revenue 1000 Telephone Expense 176 Miscellaneous Expense SO G. Weise, Capital 197 000 1

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