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Prepare an income statement for June assuming the following data are not included above: (1) $700 of services were performed and billed but not collected
Prepare an income statement for June assuming the following data are not included above: (1) $700 of services were performed and billed but not collected at June 30, and (2) $100 of gasoline expense was incurred but not paid. CRANE DESIGNS CO. Income Statement For the Month Ended June 30, 2022 Revenues Service Revenue $ 7900 Expenses Advertising Expense $ 500 i Rent Expense 1400 Gasoline Expense 450 Utilities Expense 200 i Total Expenses 2550 Net Income /(Loss) $ 5350
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