Question: Prepare a Income statement ncome Statement noome Statement . From the partial work sheet for Major Advising below, prepare an income statement. 1. From the

Prepare a Income statement  Prepare a Income statement ncome Statement noome Statement . From the

ncome Statement noome Statement . From the partial work sheet for Major Advising below, prepare an income statement. 1. From the partial work sheet for Major Advising, prepare an income statement Major Advising Work Sheet (Partial) For Month Ended January 31, 20- Major Advising Income Statement For Month Ended January 31, 20 Income Statement Balance Sheet 1,327 939 355 797 3,510 upplies Prepaid Insurance Accum. Depr,-once Equipment Accounts Payable Wages Payable Ed Major, Capital Ed Majos, Drawing Advising Fees 21 1,01 320 4,175 944 4,137 731 90 494 178 72 40 97 47 210 21 Wages Expense Advertising Expense ent Expense Supplies Expense Phone Expense Electricity Expense Ensurance Expense Gas and Ofl Expense Degr. Expense-Office Equipment Expense 1,980 4,137 7,872 5,715 Net Incone 2,157 4,1374,137 7,872 7,872

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