Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31....

 

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•Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20XX ACCOUNT TITLE DEBIT CREDIT Cash $ 395,000 Accounts Receivable $ 110,000 Supplies $ 103,000 Equipment $ 150,000 Accumulated Depreciation - Equipment Accounts Payable $ 78,000 $ 4,000 Unearned Revenue $ 12,000 A.B. Cee, Capital A.B. Cee, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Totals $ 366,000 $ 27,000 $ 700,000 $ 120,000 $ 75,000 $ 180,000 $1,160,000 $1,160,000 •Using the Adjusted Trial Balance below, prepare an Income Statement for the year ended December 31. 20XX. Hinkleton Widgets Adjusted Trial Balance December 31, 20XX ACCOUNT TITLE DEBIT CREDIT Cash $ 395,000 Accounts Receivable $ 110,000 Supplies $ 103,000 Equipment $ 150,000 Accumulated Depreciation - Equipment Accounts Payable $ 78,000 $ 4,000 Unearned Revenue $ 12,000 A.B. Cee, Capital A.B. Cee, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Totals $ 366,000 $ 27,000 $ 700,000 $ 120,000 $ 75,000 $ 180,000 $1,160,000 $1,160,000

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