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prepare income statement The following account balances were taken from the records of Larson Inc. at December 31, 2016. Lasn provides landscaping services and lawn

prepare income statement

The following account balances were taken from the records of Larson Inc. at December 31, 2016. Lasn provides landscaping services and lawn supplies to businesses in the local area.

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Prepare an adjusted trial balance below. Be sure to incorporate the beginning balances along with the changes that resulted from your journal entries. You might want to use T-accounts on scratch paper to compute the account balances first do NOT include the T-accounts with your assignment submission. image text in transcribed

Now use your adjusted trial balance and data from the problem to prepare income statmentfor Lasn Inc. at January 31, 2016 . ( by the way, can you double check my trial balance thanks?

Debit Creditp Cash Accounts receivable Notes receivable Supplies Equipment Buildings Land Accumulated depreciation* Accounts payable Unearned service revenuer Income tax payable Notes payable long termp Mortgage payable+ Common stock? Retained earnin Dividends Service revenue Wages expense Operating expenses Depreciation expense Income tax expense+ Totalp 82,365 57,89 2,348* 198 325 165,75 60,000 23,478 7 60 216 300,000 164,375

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