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Using the following data for Heavenly Futures Company, prepare an income statement for the month ended August 31. Telephone expense $1,150 Cash 3,000 Accounts payable

Using the following data for Heavenly Futures Company, prepare an income statement for the month ended August 31. Telephone expense $1,150 Cash 3,000 Accounts payable 1,540 Jason Heavenly, drawing 800 Fees earned 15,700 Rent expense 1,400 Supplies 140 Accounts receivable 1,500 Computer equipment 20,000 Jason Heavenly, capital (August 1) 14,320 < Wages expense 4,800 Utilities Expense 750 Notes payable 2,400 420 Office expense Heavenly Futures Company Income Statement For the Month Ended August 31 Expenses: < Accounts receivable 1,500 Computer equipment 20,000 Jason Heavenly, capital (August 1) 14,320 Wages expense 4,800 Utilities Expense 750 Notes payable Office expense Heavenly Futures Company Income Statement For the Month Ended August 31 Expenses: Total expenses 2,400 420

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