P8-3A

Malories Dental Supply Co.

Partial Worksheet

For the Year Ended December 31

2021

Income Statememt

Account Titles. DR. CR.

Sales. 2,800

Sales return &Allowances. 119

Sales discounts. 64

Cost Of Goods Sold. 676

Salaries Expense. 300

Insurance expense. 200

Advertising Expense. 155

Rental Income. 200

Rent Expense. 215

Depreciation Exp.,

Store Equipment. 200

Acrued Salaries. ______ ______

Total. 1,929 3,000

Net Income. 1,071

3,000 3,000

Check Figure

Net Income from operations $1071

(4) P8-3A. Prepare a formal income statement from the following partial worksheet for Malorie's Dental Supply Co. of Hantsport: Preparing an income statement from a worksheet