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Prepare an income statement for the month of May 31. In addition to those accounts listed on the trial balance, the chart of accounts for
Prepare an income statement for the month of May 31. In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce Corp. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. BlueSpruce Corp. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,200 126 Supplies 2,504 130 Prepaid Insurance 2,880 140 Land 14,400 141 Buildings 72,000 149 Equipment 16,800 200 Notes Payable $48,000 201 Accounts Payable 13,424 208 Unearned Rent Revenue 3,960
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