The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery

Question:

The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service firm, for the fiscal year ended April 30, 20Y7:

Depreciation Expense ................. $ 6,700 

Rent Expense .............................. $ 46,500

Fees Earned ................................. 522,000 

Salaries Expense ......................... 260,900

Insurance Expense ......................... 1,200 

Supplies Expense ............................ 2,500

Miscellaneous Expense .................. 7,400 

Utilities Expense ............................ 30,800

Prepare an income statement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

Question Posted: