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Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided
Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. $ 3,600 Supplies $ 2,480 Accounts payable 440 Supplies expense Interest expense 370 50,000 Depreciation expense Equipment (net) 340 Salaries and wages expense 2.600 Service revenue 19,990 Salaries and wages payable Bonds payable 22,700 540 Unearned service revenue 4,090 Common stock 10,600 1,350 Interest payable Accounts receivable 160 4,100 Cash Using the information, answer the following questions. Prepare an income statement for the month of October 2022. SKYSONG INC. Income Statement
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