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The accounts of Skysong Delivery Service contain the following balances on July 31, 2012. Account Receivable $12,328 Prepaid Insurance $2,024 Account Payable 7,728 Service Revenue

The accounts of Skysong Delivery Service contain the following balances on July 31, 2012.

Account Receivable $12,328 Prepaid Insurance $2,024

Account Payable 7,728 Service Revenue 14,260

Cash 11,427 Dividends 644

Equipment 54,611 Common Stock 36,800

Maintenance and Repairs Expense 1,800 Salaries and Wages Expenses 6,836

Insurance Expense 828 Salaries and Wages Payable 752

Notes Payable (due 2025) 26,174 Retained Earnings(July 1, 2022) 4,784

Prepare an income statement for the month of July 2022.

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