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The adjusted trial balance of Parsons Company at December 31, 2015, includes the following accounts: Common stock $15,600, Dividends $7,000, Service Revenue $37,000, Salaries and
The adjusted trial balance of Parsons Company at December 31, 2015, includes the following accounts: Common stock $15,600, Dividends $7,000, Service Revenue $37,000, Salaries and Wages Expense $16,000, Insurance Expense $2,000, Rent Expense $4,000, Supplies Expense $1,500, and Depreciation Expense $1,300. Prepare an income statement for the year.
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