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The adjusted trial balance for Down South Catering, Inc., is presented below. Prepare the income statement and s 2018. Also prepare a balance sheet
The adjusted trial balance for Down South Catering, Inc., is presented below. Prepare the income statement and s 2018. Also prepare a balance sheet at July 31, 2018. (Click the icon to view the adjusted trial balance.) Data table Prepare the income statement. (If a box is not used in the statement, leave the box empty; do not select a label or Revenue: Down South Catering, Inc. Income Statement For the Month Ended July 31, 2018 Account Cash Expenses: Total expenses Net income (loss) Debit Credit $ 10,200 Accounts receivable 7,500 Supplies Equipment 400 22,000 Accumulated depreciation, equipment $ 13,200 Accounts payable 3,300 Salaries payable 1,200 Unearned service revenue 2,400 Common stock 5,400 Retained earnings 5,800 Dividends 2,300 Service revenue 20,100 Salaries expense 4,400 Rent expense 1,500 Depreciation expense, equipment 1,900 Supplies expense 1,200
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