WILDHORSE TRAVEL COURT

Income Statement

You first look at the trial balance. In addition to the account balances reported above in the income statement, the trial balance contains the following additional selected balances at June $30,2017.$

You then make inquiries and discover the following.

Roadside rentals revenues include advanced rental payments received for summer occupancy, in the amount of $$57,865.$

There were $$1,940$ of supplies on hand at June $30.$

Prepaid insurance resulted from the payment of a one$-$year policy on April $1,2017.$

The mail in July $2017$ brought the following bills: advertising for the week of June $24,$ $$110$; repairs made June $18,$$$4,765$; and utilities for the month of June, $$220.$

Wages expense is $$315$ per day. At June $30,$ four days' wages have been incurred but not paid.

The note payable is a $6\%$ note dated May $1,2017,$ and due on July $31,2017.$

Income tax of $$14,005$ for the quarter is due in July but has not yet been recorded.