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Using the account details provided below, prepare a single-step Income Statement for Chariot Consulting's fiscal year end. List each applicable account on a separate
Using the account details provided below, prepare a single-step Income Statement for Chariot Consulting's fiscal year end. List each applicable account on a separate line. Account Balance Accounts Payable 14,000 Accounts Receivable 12,550 Cash 53,840 Common Stock 75,000 Consulting Services Revenue 79,300 Depreciation Expense 4,500 Equipment 43,000 Insurance Expense 4,500 Miscellaneous Expense 4,800 Rent Expense 24,000 Retained Earnings 48,514 Salaries Expense 20,300 Chariot Consulting Income Statement For year ended December 31, 20xx Consulting Services Revenue Expenses: Rent Expense Salaries Expense Insurance Expense Depreciation Expense Miscellaneous Expense Total Expenses: Net Income $79,300
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