The following account balances were taken from the adjusted trial balance for Laser Messenger Service, a delivery
Question:
Service, a delivery service firm, for the fiscal year ended April 30, 2019:
Depreciation Expense ............... $ 8,650
Fees Earned ............................ 674,000
Insurance Expense .................... 1,500
Miscellaneous Expense ............ 3,650
Rent Expense ......................... $ 60,000
Salaries Expense ..................... 336,900
Supplies Expense ................... 4,100
Utilities Expense .................... 41,200
Prepare an income statement.
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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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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