What should be inserted instead of "Rental Revenue" the available options are as follows

• 000: No journal entry required
• 101: Cash
• 106: Accounts receivable
• 108: Prepaid insurance
• 124: Office supplies
• 131: Prepaid rent
• 163: Office equipment
• 164: Drafting equipment
• 170: Building
• 172: Land
• 201: Accounts payable
• 226: Unearned fees
• 250: Notes payable
• 307: Common stock
• 318: Retained earnings
• 319: Dividends
• 402: Engineering fees earned
• 406: Rental revenue
• 601: Wages expense
• 602: Equipment rental expense
• 603: Advertising expense
• 604: Repairs expense
• 690: Utilities expense

Brown Engineering completed the following transactions in the month of June. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. June 1 Paul Brown, the owner, invested $102,000 cash, office equipment with a value of $5,500, and $61,000 of drafting equipment to launch the company in exchange for common stock. June 2 The company purchased land worth $49,500 for an office by paying $7,000 cash and signing a long-term note payable for $42,500. June 3 The company purchased a portable building with $54,500 cash and moved it onto the land acquired on June 2. June 4 The company paid $3,300 cash for the premium on an 18-month insurance policy. June 5 The company completed and delivered a set of plans for a client and collected $6,600 cash. June 6 The company purchased $20,600 of additional drafting equipment by paying $10,000 cash and signing a long-term note payable for $10,600. June 7 The company completed $14,800 of engineering services for a client. This amount is to be received in 30 days. June 8 The company purchased $1,200 of additional office equipment on credit. June 9 The company completed engineering services for $22,200 on credit. June 10 The company received a bill for rent of equipment that was used on a recently completed job. The $1,350 rent cost must be paid within 30 days. June 12 The company collected $7,400 cash in partial payment from the client billed on June 9. June 14 The company paid $1,400 cash for wages to a drafting assistant. June 17 The company paid $1,200 cash to settle the account payable created in on June 8. June 20 The company paid $950 cash for minor maintenance of its drafting equipment. June 23 The company paid $9,500 cash in dividends. June 28 The company paid $1,400 cash for wages to a drafting assistant. June 29 The company paid $2,540 cash for advertisements on the web during June. X Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The income statement reports the change in equity attributable to the operation of the business during a specific period of time. Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. Did the company report net income or net loss during the current month? Show less BROWN ENGINEERING Income Statement For Month Ended June 30, 2021 Revenues: 43,600 $ 43,600 Rental revenue Engineering fees earned Total revenues Expenses: Advertising expense Equipment rental expense OOOOOOOOOO 2,540 1,350 950 Repairs expense Wages expense Total expenses Net income 2,800 7,640 35,960 Trial Balance St Retained Earnings >