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Yanik Financial Services Ltd. reports the following adjusted trial balance at August 31, 2021: (a) Prepare an income statement. YANIK FINANCIAL SERVICES LTD Statement of
Yanik Financial Services Ltd. reports the following adjusted trial balance at August 31, 2021: (a) Prepare an income statement. YANIK FINANCIAL SERVICES LTD Statement of Income For the year ended August 31, 2021 Revenues Service Revenue $55,425 Expenses Salaries Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Total expenses Income before income tax Insurance Expense $19,300 13,445 2,475 1,750 1,600 1,240
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