Question
The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. (Accounts are in alphabetical order.) Accounts Payable $ 8,088
The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. (Accounts are in alphabetical order.) Accounts Payable $ 8,088 , Accounts Receivable Cash Equipment Insurance Expense Operating Expense Other Expenses 6,960 13,445 4,800 1,350 11,800 3,482 1 Other Revenues 6,050 2 Rent Expense 4,800 B Salaries Expense 6,882 Short-term Notes Payable 17,200 5 Test Prep Revenue 15,400 5 Tutoring Revenue 9,100 7 Unearned Revenue 1,046 B Required: O 1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references to select account titles and amounts to be included on the income statement. 2 Note: List revenues and expenses in order of largest to smallest dollar amounts.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started