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pls help me make a statement of income Prepare an statement of income. $ Lily records adjustments monthly. Adjustment data for the month of August
pls help me make a statement of income
Prepare an statement of income. $ Lily records adjustments monthly. Adjustment data for the month of August are as follows: 1. One month's worth of advertising services have been received. 2. The August rent has expired. 3. Accrued salaries payable are $1,470. 4. Depreciation for the month is $185. 5. Supplies on hand at August 31 are $1,020. 6. Services were performed to satisfy $720 of Deferred revenue. 7. One month of interest income related to the $4,000 note receivable has accrued. The note was issued on fune 30 and is due October 31 and has a 6% annual interest rate. Interest is duc at maturity. 8. Income tax of $300 is estimated to be owed for the month of August Step by Step Solution
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