• Requirement
• General Journal
• General Ledger
• Trial Balance
• Income Statement
• St Retained Earnings
• Balance Sheet
• Impact on Equity

The income statement reports the change in equity attributable to the operation of the business during a specific period of time. Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. Did the company report net income or net loss during the current month?

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WILSON ENGINEERING
Income Statement
For Month Ended June 30, 2021
Revenues:
Total revenues
Expenses:
Repairs expense	1,100
Advertising expense	2,780
Wages expense	2,800
Equipment rental expense	1,650
Total expenses		8,330
Net income		$(8,330)