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Please answer question #40 on ALL PARTS NOT YET ANSWERED. Thank you! The adjusted trial balance of Whispering Winds Corp. at December 31, 2022, includes
Please answer question #40 on ALL PARTS NOT YET ANSWERED. Thank you!
The adjusted trial balance of Whispering Winds Corp. at December 31, 2022, includes the following accounts: Retained Earnings $16,500, Dividends $5,300, Service Revenue $38,000, Salaries and Wages Expense $13,000, Insurance Expense $1,810, Rent Expense $4,010, Supplies Expense $1,540, and Depreciation Expense $960. Prepare an income statement for the year WHISPERING WINDS CORP. Income Statement For the Year Ended December 31, 2022 Service Revenue $ 38,000 Expenses Salaries and Wages Expense $ 13,000 Insurance Expense 1,810 1 Rent Expense 4,010 Supplies Expense 1.540 Depreciation Expense 960 Total Expenses 21.320 Net Income /(Loss) 16,680 Step by Step Solution
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