The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. Accounts are

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Question:

The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. Accounts are in alphabetical order.)

Accounts Payable

$

8,088

Accounts Receivable

6, 960

Cash

13,445

Equipment

4,800

Insurance Expense

1,350

Operating Expense Other Expenses

11,800

Other Revenues

3,482

Rent Expense

6,050

4,800

Salaries Expense

6,882

Short-term Notes Payable

17,200

Test Prep Revenue

15,400

Tutoring Revenue

9,100

Unearned Revenue

1,046

Required:

1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references to select account titles and amounts to be included on the income statement. Note: List revenues and expenses in order of largest to smallest dollar amounts.