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please prepare a statement of income for the month ended January 31,2021. (ASAP) BELLEVUE CONVENIENCE STORE LTD Trial Balance January 31, 2021 Debit Credit Cash
please prepare a statement of income for the month ended January 31,2021. (ASAP)
BELLEVUE CONVENIENCE STORE LTD Trial Balance January 31, 2021 Debit Credit Cash $ 18,498 to Accounts Receivable 112,564 Equipment 181,900 Accumulated Depreciation - Equipment 79,715 Inventory 61,953 Prepaid Insurance 11.770 Allowance for Doubtful Accounts 4,494 Income Tax Payable 4,280 7,704 Employee Income Tax Payable 1,663 El Payable 42,800 Accounts Payable 4,366 CPP Payable 128,400 Notes Payable 35,096 Retained Earnings 107,000 Sales Cost of Goods Sold 31,244 Rent Expense 9,630 Interest Expense 428 Income Tax Expense 4,280 Depreciation Expense 2,675 Insurance Expense 1,070 Bad Debts Expense 1,284 Employee Benefits Expense 3,153 42,800 Salaries Expense Gain on Disposal 2,140 Refund Liability 2,354 Estimated Inventory Returns 963 Common Shares 64,200 $ 484,212 $ 484,212Step by Step Solution
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