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signment on Chapter 2 value 10.00 points Media Marketing Services has been operating for several years it showed the follow Account DebitCredit Accounts payable Accounts
signment on Chapter 2 value 10.00 points Media Marketing Services has been operating for several years it showed the follow Account DebitCredit Accounts payable Accounts receivable Building Cash Revenue Sam Smith, capital Sam Smith, withdrawals Land Machinery Notes payable Office supplies Office supplies expense Wages expense $ 46,000 $ 3.000 80.000 17.000 126,000 122,000 18,000 84.000 50,000 114,000 3.000 7,000 146,000 Totals $ 408,000 $408,000 The $122,000 balance includes $35,000 invested by the owner during March Required: Using the information provided, prepare an income statement and a statement of changes MEDIA MARKETING SERVICES Income Statement For Month Ended March 31, 2017 Revenues Revenue S 126,000 Operating expenses Office supplies expense Wages expense 7000 146,000
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