Metlock Advertising Agency Inc. was founded in January 2000. Presented below are adjusted and unadjusted trial...

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Metlock Advertising Agency Inc. was founded in January 2000. Presented below are adjusted and unadjusted trial balances as at December 31, 2023 Cash Accounts receivable Supplies Prepaid insurance Metlock Advertising Agency Inc. Trial Balance December 31, 2023 Equipment Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Uneamed revenue Salaries and wages payable Common shares Retained earnings Unadjusted Dr. $11,440 20,800 8,740 3,480 62.400 Cr $29,120 5,200 0 7,500 7,280 0 10,400 1,340 Dr Adjusted $11,440 24,440 3120 2,600 62.400 Cr $34,320 5,200 750 7.500 5.820 1.350 10.400 1,340 Service revenue Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense 10,400 360 4,160 $121,780 60,940 $121.780 11,750 880 1.110 5,200 5,620 4,160 $132,720 66,040 $132.720 Prepare an income statement for the year ending December 31, 2023. (Enter negative amounts using either a negative in preceding the number eg -45 or parentheses (45)) METLOCK ADVERTISING AGENCY INC. Income Statement OOOOOO Metlock Advertising Agency Inc. was founded in January 2000. Presented below are adjusted and unadjusted trial balances as at December 31, 2023 Cash Accounts receivable Supplies Prepaid insurance Metlock Advertising Agency Inc. Trial Balance December 31, 2023 Equipment Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Uneamed revenue Salaries and wages payable Common shares Retained earnings Unadjusted Dr. $11,440 20,800 8,740 3,480 62.400 Cr $29,120 5,200 0 7,500 7,280 0 10,400 1,340 Dr Adjusted $11,440 24,440 3120 2,600 62.400 Cr $34,320 5,200 750 7.500 5.820 1.350 10.400 1,340 Service revenue Salaries and wages expense Insurance expense Interest expense Depreciation expense Supplies expense Rent expense 10,400 360 4,160 $121,780 60,940 $121.780 11,750 880 1.110 5,200 5,620 4,160 $132,720 66,040 $132.720 Prepare an income statement for the year ending December 31, 2023. (Enter negative amounts using either a negative in preceding the number eg -45 or parentheses (45)) METLOCK ADVERTISING AGENCY INC. Income Statement OOOOOO

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SOLUTION Income Statement For the Year Ended December 31 2023 Amount Revenue Serv... View the full answer