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Prepare an income statement using the following information for DL Enterprises for the month of July 2018. Sales revenue Rental revenue Product expense Wages
Prepare an income statement using the following information for DL Enterprises for the month of July 2018. Sales revenue Rental revenue Product expense Wages expense Owner investment Equipment purchases Utilities expense $64,500 15,300 52,000 18,800 12,000 56,000 1,800 400 Taxes expense DL Enterprises Income Statement For the Month Ended July 31, 2018 Revenue: Sales Revenue 64,500 Rental Revenue 15,300 Total Revenue 79,800 Expenses: Product Expense 52,000 Wages Expense 18,800 Utilities Expense 1,800 Taxes Expense Total Expenses 72,600 X Net Income
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