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prepare the income statement for the month ended 30 Sep 2020 Cr S Trial Balance as at 30 September 2020 Dr S Supplies 14,000 Accounts
prepare the income statement for the month ended 30 Sep 2020 Cr S Trial Balance as at 30 September 2020 Dr S Supplies 14,000 Accounts receivable 36,000 Prepaid rent 84.000 Cash 28.000 Equipment 120,000 Accumulated depreciation - equipment Accounts payable Utilities payable Share capital Retained earnings Dividends 4,000 Service revenue Salary expense 160,000 Rent expense 42,000 Utilities expense 9,000 Supplies expense 3,000 500,000 15,000 33,000 5.000 120,000 80,000 247,000 500,000 Additional information: (1) Accrued service revenue for September, $3.000. (2) The equipment has an expected useful life of 4 years. Depreciation had not been provided for the equipment for the month of September. (3) Salary of $3,500 for a part-time staff for the month of September will be paid in October
prepare the income statement for the month ended 30 Sep 2020
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