Income statement, please answer the all questions if u can print it

m ..u " X Assignment 1... lg I Unit 4 Accounting 1 Name: Date: Mark: ,I 1. Classify the following as Asset, Liability, Owner's Equity, Revenue, or Expense. (7 marks) a. Accounts Receivable e. Bank Charges b. Interest Charges f. Rental Revenue c. Insurance Expense g. Alvin, Capital d. Sales Revenue 2. Complete the table with the correct answer. (10 marks) Formula: Revenue Expenses = Net Income or Net ass EWEW mmhmm -_m 3. Prepare an income statement forTom Cruise for the year ended December 31, 2018, using the following accounts from the ledger: Service Income $20,000; Supplies Expense $5,600; Automobile Expense $4,500; Donations Expense $5,200; Repair Revenue $3,900; Miscellaneous Expense $5,250; Salaries and Wages Expense $32,400. Rent Income $200,000 (14 marks) Revenue Total Revenue $ Expenses 1|Page Net lncomeILoss 5 4. Define the following in your own words: 3. Revenue. (2 marks) b. Expenses.(2 marks) Z