Service Revenue Salaries and Wages Expense Depreciation Expense Rent Expense Total 3,700 1,000 2,000 31,900 4,900 31,900 Using the information from the adjusted trial balance, prepare an income statement for the moth ending December 31, 2030. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. When listing expenses, you MUST list them in the order they appear in the adjusted trial balance. For a negative amount, include a negative sign or parentheses. For example, if your answer is -$50, you should be typing -50 gr (50)

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 7P: Complex Income Statement The following items were derived from Woodbine Circle Corporations adjusted...
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The adjusted trial balance of McDoo Company appears below.
Adjusted Trial Balance
McDoo Company
Adjusted Trial Balance
December 31, 2030
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation -
Equipment
Accounts Payable
Unearned Revenue
Common Stock
Retained Earnings
Dividends
Service Revenue
Debit ($)
4,900
2,200
1,800
15,000
1,300
Credit ($)
6,000
1,700
4,200
10,000
5,100
4,900
Transcribed Image Text:The adjusted trial balance of McDoo Company appears below. Adjusted Trial Balance McDoo Company Adjusted Trial Balance December 31, 2030 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Debit ($) 4,900 2,200 1,800 15,000 1,300 Credit ($) 6,000 1,700 4,200 10,000 5,100 4,900
Service Revenue
Salaries and Wages Expense
Depreciation Expense
Rent Expense
Total
31,900
Using the information from the adjusted trial balance, prepare an income statement
for the moth ending December 31, 2030.
Revenues
. When typing your responses, do NOT include a dollar sign. For example, if your answer
is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign.
. When listing expenses, you MUST list them in the order they appear in the adjusted
trial balance
- For a negative amount, include a negative sign or parentheses. For example, if your
answer is -$50, you should be typing -50 or (50).
Expenses
Total Expenses
Net Income/(Loss)
3,700
1,000
2,000
31,900
Income Statement.
McDoo Company
Income Statement
For the Month Ended December 31, 2030
Income Statement.
McDoo Company
Income Statement.
For the Month Ended December 31, 2030
$
$
$
$
4,900
$
$
man Chase.co
Transcribed Image Text:Service Revenue Salaries and Wages Expense Depreciation Expense Rent Expense Total 31,900 Using the information from the adjusted trial balance, prepare an income statement for the moth ending December 31, 2030. Revenues . When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. . When listing expenses, you MUST list them in the order they appear in the adjusted trial balance - For a negative amount, include a negative sign or parentheses. For example, if your answer is -$50, you should be typing -50 or (50). Expenses Total Expenses Net Income/(Loss) 3,700 1,000 2,000 31,900 Income Statement. McDoo Company Income Statement For the Month Ended December 31, 2030 Income Statement. McDoo Company Income Statement. For the Month Ended December 31, 2030 $ $ $ $ 4,900 $ $ man Chase.co
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