Question: Continuing Problem Chapter 1-Instruction #2 Refer to your answers from Chapter 1, Part 1 to complete this part. Prepare an income statement for PS Music

Continuing Problem Chapter 1-Instruction #2 Refer to your answers from Chapter 1, Part 1 to complete this part. Prepare an income statement for PS Music for the month ended June 30, 2014. PS Music Income Statement For the Month Ended June 30, 2014 Expenses: Total Expenses

PS Music Income Statement For the Month Ended June 30, 2014
SelectAdvertising ExpenseEquipment Rent ExpenseFees EarnedMiscellaneous ExpenseMusic ExpenseItem 1
Expenses:
SelectAccounts PayableCashFees EarnedMusic ExpenseSuppliesItem 3
SelectAccounts ReceivableCapital StockFees EarnedNet IncomeOffice Rent ExpenseItem 5
SelectCashDividendsEquipment Rent ExpenseFees EarnedSuppliesItem 7
SelectAccounts ReceivableAdvertising ExpenseCashCapital StockFees EarnedItem 9
SelectAccounts PayableDividendsFees EarnedSuppliesWages ExpenseItem 11
SelectAccounts PayableCashFees EarnedSuppliesUtilities ExpenseItem 13
SelectAccounts PayableAccounts ReceivableFees EarnedSuppliesSupplies ExpenseItem 15
SelectCapital StockCashFees EarnedMiscellaneous ExpenseSuppliesItem 17
Total Expenses
SelectNet IncomeNet Loss

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