Question: need help with this income statement I'm not sure if what I have is right a) Page 4 of 12 Income Statement.... Use proper form!


need help with this income statement I'm not sure if what I have is right
a) Page 4 of 12 Income Statement.... Use proper form! (5 marks) ISP waters Income Statement for the Year Ended April 30, 2022. $690.00 214000 St 350.00 (2000.00 (150.00 85000 15940.00 COUNesion earned Advertising expense Car expense Miscellaneous Expense Rent Expense Telephone Expense utilities Expense Wages Expense Total Expenses Net income 5500000 387 2000 1628 0.00 Page 3 of 12 2. The trial balance of S.P. Waters on April 30, 2022, after a fiscal period of one year, is shown below. Complete this six-column work sheet, then prepare the income statement and classified balance sheet. (5 marks) Trial Balance Income Statement Balance Sheet DR CR Accounts Bank Accounts Receivable Supplies Equipment Automobiles Bank Loan Accounts Payable GST Payable GST Recoverable S.P. Waters, Capital S.P. Waters, Drawings Commissions Earned Advertising Expense Car Expense Miscellaneous Expense Rent Expense Telephone Expense Utilities Expense Wages Expense Net profit DR 10 502 1502 415 150 3 570 1 420 300 15 000 5 690 2140 350 12 000 1 750 850 15 940 70 077 CR 4 000 685 450 9942 55 000 70 077 55.000 5690 2140 356 12000 1750 850 15940 38120 55000 16280 55000 55000 A sto DR 10502 415 150 3570 1420 300 15000 CR 4445 100 4000 685 450 9942 16280 31357 22551 22357 50
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