Question
The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November
The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1:
Depreciation Expense | $8,800 |
Fees Earned | 467,300 |
Insurance Expense | 1,670 |
Miscellaneous Expense | 3,520 |
Rent Expense | 66,900 |
Salaries Expense | 235,000 |
Supplies Expense | 2,990 |
Utilities Expense | 25,500 |
Prepare an income statement for Urgent Messenger Service.
Fees earnedInsurance expenseNet incomeNet lossSupplies expense | $- Select - | |
Expenses: | ||
Fees earnedNet incomeNet lossSalaries expenseSalaries payable | $- Select - | |
Fees earnedNet incomeNet lossPrepaid RentRent expense | - Select - | |
CashFees earnedNet incomeNet lossUtilities expense | - Select - | |
Accumulated depreciationDepreciation expenseFees earnedNet incomeNet loss | - Select - | |
Fees earnedNet incomeNet lossSupplies expenseSupplies | - Select - | |
Fees earnedInsurance expenseNet incomeNet lossPrepaid insurance | - Select - | |
CashFees earnedMiscellaneous expenseNet incomeNet loss | - Select - | |
Total expenses | fill in the blank 17 | |
Net incomeNet loss | $- Select - |
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