Prepare an Income statement *please see adjusted trial balance sheet below A B D Shipping Inc Adjusted
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Question:
Prepare an Income statement
*please see adjusted trial balance sheet below
A B D Shipping Inc Adjusted Trial Balance Summary As of January 31, 2021 Credit Debit 195,260.00 206,000.00 56,500.00 3,520.00 26,000.00 16,000.00 16,000.00 1 2 3 1 5 5 Description 7 Cash 3 Accounts Receivable Inventory O Prepaid Insurance 1 Furniture & Fixtures 2 Computer Equipment 3 Van 4 Accum. Dep. - F&F -5 Accum. Dep. - Comp. Eap -6 Accum. Dep. - Van -7 Accounts Payable 8 Salaries Payable 9 Interest Payable O Deferred Revenue -1 Notes Payable -2 Common Stock 3 Retained Earnings 4 Service Revenue 5 Sales Revenue 26 COGS 7 Depreciation Expense 8 Interest Expense 9 Salary and Wage Expense O Insurance Expense 1 Maintenance Expense 2 Total 3 1,700.00 6,350.00 250.00 105,400.00 5,900.00 400.00 2,000.00 60,000.00 165,000.00 132,200.00 3,000.00 210,000.00 125,000.00 1,100.00 400.00 44,100.00 320.00 2,000.00 692,200.00 692,200.00 A Shipping Inc. Income Statement For the Month Ended January 31, 2021 1 2 3 4 5 6 7 8 9 -1 3 O NMNOS 7 9
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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