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You first lock at the trial balance. In addition to the acrount balances reparted above in the income statement, the trial balance contains the following
You first lock at the trial balance. In addition to the acrount balances reparted above in the income statement, the trial balance contains the following additional selerted balances at June 30,2025 . Yau the make inguiries and discrower the fallawing 1. Piaircoah rental revenues include advanced rental payments received for summer cccupancy, in the aincunt of $57,410. 2. There were $1.975 af supelies per hand at June 50. 3. Prepaid insurance resulted from the payment of a 1-year policy on April 1, 2025 . 4. The mail in July 2025 brought the following bills: advertising for the week of June 24.$150, repairs made June 18,$4,700; and utilities for the month of June, $255. 5. Wage experse is $320 per day. At June 30,4 days wages hive been incurred but rat paith. 6. The nate paiyable is a 6% nate dated May 1, 2025, and due wi July 31,2025. 7. Income tax of $14,290 far the puarter is due in July but has nat yet been remerded. Prepare a correct income statement for the quarter ended June 30.2025
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