please keep in mind there are different sections!

Income Statement The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1 Depreciation Expense $6,100 Fees Earned 323,900 Insurance Expense 1,160 Miscellaneous Expense 2,440 Rent Expense 46,400 Salaries Expense 162,900 Supplies Epense 2,070 Utilities Expense 17,700 Prepare an income statement for Urg Messenger Service Urgent Messenger Service Income Statement For the Year Ended November 30, 2011 Fees earned Expenses Salaries expense 20,760 x Rent expense 15.400 Utilities expense 162.900 X Depreciation expense 1.160 X Supplies expense 17.700 X Supplies Expense 2,070 Utilities Expense 17,700 Prepare an income statement for Urgent Messenger Service. Urgent Messenger Service Income Statement For the Year Ended November 30, 2011 Fees earned 323,900 Expenses: Salaries expense 20,700 X Rent expense 46,400 Utilities expense 162,900 X Depreciation expense 1,160 x Supplies expense 17,700 X Insurance expense 6,100 X Miscellaneous expense 2,440 Total expenses 238,770 Net Income 85,130 Feedback Check My Work Revenues and expenses flow into the income statement. Recall that revenues include fee Check My Work Income Statement FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31: Depreciation Expense $1,515 Fuel Expense 5,287 Maintenance and Repairs Expense 2,576 Other Expense (Income) Net 8,181 Provision for Income Taxes 1,318 Purchased Transportation 1,970 Rentals and Landing Fees 2,863 Revenues 40,451 Salaries and Employee Benefits 14,438 a. Prepare an income statement. FedEx Corporation Income Statement For the Year Ended May 31 (in millions) Expenses: a. Prepare an income statement FedEx Corporation Income Statement For the Year Ended May 31 (in millions) Expenses Total expenses b. Compare your income statement with the income statement that is available at FedEx's Web site (http://inventors.fedex.com). Under Annual Report, select Download POF. What similarities and differences do you see? The income statements are The actual statement, which is for the year ended May 31, Check My Work Previous Next > Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Earned $279,000 Dividends 38,000 Rent Expense 58,300 Retained Earnings 620,000 Supplies Expense 14,300 Wages Expense 244,900 Miscellaneous Expense 6.800 Journalize the dosing entries required to close the accounts. If an amount box does not require an entry leave it blank May 31 May 31