Make the June income statement, in acceptable form, for Gerri's Services, using the following information. The list below contains several assets and liabilities. Remember only the revenue and expense accounts are used to prepare the income statement.

Salaries Expense $ 3 000 Rent Expense $ 2 000

Fees Revenue 9 975 Building 350 000

Mortgage Payable 200 000 Advertising Expense 2 000

Other Revenue 1 000 Telephone Expense 176

Miscellaneous Expense 80 G. Weise, Capital 197 000

 Prepare the income statement.

Answer rating: 100% (QA)

Answer Based on the information provided Ill prepare the income statement f... View the full answer