The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a
Question:
The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2010:
Depreciation Expense $ 8,000 Rent Expense $ 60,500
Fees Earned 425,000 Salaries Expense 213,800
Insurance Expense 1,500 Supplies Expense 2,750
Miscellaneous Expense 3,250 Utilities Expense 23,200
Prepare an income statement.
Step by Step Answer:
Fees Earned Expenses 3 Rivers Messenger Service Income Statem...View the full answer
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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