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Using the Adjusted Trial Balance below prepare an Income Statement in proper form for the month ended January 31, 2017. XYZ COMPANY WORKSHEET FOR THE

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Using the Adjusted Trial Balance below prepare an Income Statement in proper form for the month ended January 31, 2017. XYZ COMPANY WORKSHEET FOR THE MONTH ENDED JANUARY 31, 2017 ADJUSTED TRIAL BALANCE ACCOUNT TITLES DEBIT ($) CREDIT ($) 3,500.00 278,400.00 79,900.00 98,000.00 348,000.00 Advertising Expense Accumulated depreciation - Buildings Accounts Payable Accounts Receivable Buildings Capital -Mr. Owner Cash Depreciation - Buildings Insurance Expense Interest Expense Interest Payable Natec Dauable 102,650.00 23,600.00 69,600.00 36,000.00 2,450.00 500.00 23,600.00 69,600.00 36,000.00 2,450.00 500.00 3,000.00 15,000.00 Cash Depreciation - Buildings Insurance Expense Interest Expense Interest Payable Notes Payable Notes Receivable Rental Income Service Revenue Supplies Supplies Expense Telephone Expense Unearned Revenue Utilities Expense Wage Expense Wages Payable 36,000.00 402,300.00 4,800.00 3,400.00 12,400.00 15,000.00 11,200.00 316,600.00 23,300.00 Totals 941,050.00 941,050.00

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