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PLEASE GENERATE AN INCOME STATEMENT Debit Credit 15,000 55,000 2,000 7,000 12,000 1,000 4,000 40,000 330,000 120,000 39,000 150,000 70,000 22,000 30,000 Cash Accounts Receivable

PLEASE GENERATE AN INCOME STATEMENTimage text in transcribed

Debit Credit 15,000 55,000 2,000 7,000 12,000 1,000 4,000 40,000 330,000 120,000 39,000 150,000 70,000 22,000 30,000 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Prepaid rent Supplies Prepaid Advertising Note Receivable Interest Receivable Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable Interest Payable Salary & Wage Payable Unearned revenue Unearned rent revenue Common Stock Retained Earnings Sales Revenue Rent Revenue Utilities Expenses Depreciation expense -buildings Depreciation expense-equipment Insurance expense Advertising Expense Bad debt expense Supplies expense Rent expense Salaries and Wages Expense Maintenance and Repairs Expense 4,000 3,000 400,000 119,000 365,000 36,000 54,000 2,000 8,000 24,000 8,000 1,000 2,000 48,000 185,000 24,000 1,090,000 1,090,000

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