adjusts its accounts on a monthly basis Below table shows the adjusted balances for end of September, August and June According to the table below prepare the a ) quarterly income statement for the 4 th quarter b ) semi annual income statement 30 09 2020 31 08 2020 100 000 85 000 12 000 10 000 7 000 4 000 15 000 8 000 30 06 2020 60 000 5 000 Sales Revenue Salaries Expense Rent Expense Unearned Revenue Prepaid Insurance Expense Depreciation Expense 2 500 2 000 3 000 1 500 5 000 20 000 16 000 12 000

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Question: adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August and June. According to the table below

adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August and June. According to the table below prepare the

a-) quarterly income statement for the 4 th quarter b-) semi-annual income statement adjusts its accounts on a monthly basis. Below table shows the adjusted

30.09.2020 31.08.2020 100.000 85.000 12.000 10.000 7.000 4.000 15.000 8.000 30.06.2020 60.000 5.000 Sales Revenue Salaries Expense Rent Expense Unearned Revenue Prepaid Insurance Expense Depreciation Expense 2.500 2.000 3.000 1.500 5.000 20.000 16.000 12.000

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