Instructions

Income Statement

From the partial work sheet for Major Advising below, prepare an

income statement.

Accounts Receivable

Supplies

Prepaid Insurance

Office Equipment

Accum. Depr.$-$Office Equipment

Accounts Payable

Wages Payable

Ed Major, Capital

Ed Major, Drawing

Advising Fees

Wages Expense

$743$

Advertising Expense

$96$

Rent Expense

$479$

Supplies Expense

$148$

Phone Expense

$62$

Electricity Expense

Insurance Expense

Gas and Oil Expense

Depr. Expense$-$Office Equipment

Miscellaneous Expense

$937$

$335$

$857$

$3,450$

$216$

$1,005$

$305$

$4,125$

$4,102$

$\backslash$table$[[$Sup$],[$Pre$],[$Offic$],[$Ac$],[$Ac$],[$W$],[],[$Ed$],[],[],[]]$

Income Statement

From the partial work sheet for Major Advising, prepare an income

statement.

Major Advising

Income Statement

For Month Ended January $31,20--$

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