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Prepare an income statement based on the balance sheet attached Continue: $15,000 -$2,390 Balance Sheet ASSETS Current Assets Cash Accounts Receivable Supplies Prepaid Insurance Prepaid
Prepare an income statement based on the balance sheet attached
Continue: $15,000 -$2,390 Balance Sheet ASSETS Current Assets Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent Non-Current Assets Equipment Less:Accumulated Depreciation Total Assets $22,170 $4,890 $2,310 $3,610 $4,490 $0 $12,000 -$220 $49,250 EQUITY Owner Investment Owner Withdrawal Net Income Service Revenue Advertising Expense Salaries Expense Tax Expense Supplies Expense Depreciation Expense Interest Expense Rent Expense Insurance Expense Total Liabilities and Equity $9,900 -$350 $1,450 -$240 - $630 -$2201 -$2001 -$1,860 -$340 $49,250 LIABILITIES Current Liabilities Accounts Payable Unearned Revenue Non-Current Liabilities Notes Payable (Long-Term) $690 $7,360 $23,980Step by Step Solution
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