The following account balances were taken from the adjusted trial balance for Shanghai Messenger Service, a delivery
Question:
The following account balances were taken from the adjusted trial balance for Shanghai Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2014:
Prepare an incomestatement.
Transcribed Image Text:
36,000 265,150 2,200 28,500 $7,250 Rent Expense Depreciation Expense Fees Earned Insurance Expense Miscellaneous Expense 440,000 Salaries Expense 1,200 Supplies Expense 7,100 Utilities Expense
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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