5. Below is a simple trial balance and the ending inventory figure for London Retailers after...

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5. Below is a simple trial balance and the ending inventory figure for London Retailers after a fiscal period of one month. Given that the ending inventory figure is $25 350, prepare an income statement for the month. Bank Accounts Receivable Merchandise Inventory Supplies Automobile Accumulated Depreciation - Automobile Equipment Accumulated Depreciation - Equipment Accounts Payable T. Wilkes, Capital T. Wilkes, Drawings Sales Purchases Advertising Expense Car Expense Rent Expense LONDON RETAILERS TRIAL BALANCE JUNE 30, 20- Utilities Expense Wages Expense Debit 3 000 29 350 24 500 1 250 17 500 35 000 5 000 18 575 500 750 1 000 900 4 750 142 075 Credit 3 500 6 000 7 222 70 028 55 325 142 075 5. Below is a simple trial balance and the ending inventory figure for London Retailers after a fiscal period of one month. Given that the ending inventory figure is $25 350, prepare an income statement for the month. Bank Accounts Receivable Merchandise Inventory Supplies Automobile Accumulated Depreciation - Automobile Equipment Accumulated Depreciation - Equipment Accounts Payable T. Wilkes, Capital T. Wilkes, Drawings Sales Purchases Advertising Expense Car Expense Rent Expense LONDON RETAILERS TRIAL BALANCE JUNE 30, 20- Utilities Expense Wages Expense Debit 3 000 29 350 24 500 1 250 17 500 35 000 5 000 18 575 500 750 1 000 900 4 750 142 075 Credit 3 500 6 000 7 222 70 028 55 325 142 075

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