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Instructions Labels and Amount Descriptions The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan
Instructions Labels and Amount Descriptions The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.: Labels April 30 Accounts Amount Expenses Accumulated Depreciation $32,000 For the Period Ended April 30 Fees Earned 78,000 Amount Descriptions Depreciation Expense 7,250 Net income Rent Expense 34,000 Net loss Prepaid Insurance 6,000 Total expenses Supplies 400 Supplies Expense 1,800 Income Statement Prepare an income statement. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons () on the income statement
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