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use the following trial balance to make an income statement Trial Balance As of 0 6 / 3 0 / 2 0 XX Unadjusted trial

use the following trial balance to make an income statement
Trial Balance
As of 06/30/20XX
Unadjusted trial balance
Account Debit Credit
Cash 50,650.00
Accounts Receivable 2,975.00
Prepaid Rent 7,170.00
Prepaid Insurance 750.00
Vehicle 15,000.00
Office Supplies 750.00
Accumulated Depreciation 250.00
Notes Payable 25,000.00
Accounts Payable 155.00
Wages Payable 325.00
Owner's Capital 50,000.00
Owner Draws 1,000.00
Service Revenue 5,525.00
Rent Expense 1,195.00
Business License Expense 250.00
Telephone Expense 155.00
Repairs and Maintenance Expense 210.00
Advertising Expense 250.00
Wages Expense 650.00
Depreciation Expense 250.00
Total: 81,255.0081,255.00

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