Can someone use this to create an example of how to make an income statement pls?
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2SEB: ANALYSIS OF ACTIVITY MEASURES Based on the financial statement data in Exercise 24-1B, compute the...
Related questions
Question
Can someone use this to create an example of how to make an income statement pls?
![Income Statement
Instructions
Labels and Amount Descriptions
Income Statement
Instructions
12 Mary Adams, Drawing
2,200.00
13 Service Fees
4,812.00
14 Wages Expense
1,090.00
15 Advertising Expense
32.00
16 Rent Expense
1,000.00
17 Supplies Expense
322.00
18 Phone Expense
133.00
19 Utilities Expense
101.00
20 Insurance Expense
130.00
21 Gas and Oil Expense
89.00
22 Depreciation Expense-Office Equipment
100.00
23 Miscellaneous Expense
98.00
24
3,095.00
4,812.00
9,917.00
8,200.00
25 Net Income
1,717.00
1,717.00
26
$4,812.00
$4,812.00
$9,917.00
$9,917.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F757b4d07-2fce-4816-bcd0-36b0cdb818c6%2F11e578ba-c6e3-45c2-8243-d70c960448e6%2Fw6wv8m3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Income Statement
Instructions
Labels and Amount Descriptions
Income Statement
Instructions
12 Mary Adams, Drawing
2,200.00
13 Service Fees
4,812.00
14 Wages Expense
1,090.00
15 Advertising Expense
32.00
16 Rent Expense
1,000.00
17 Supplies Expense
322.00
18 Phone Expense
133.00
19 Utilities Expense
101.00
20 Insurance Expense
130.00
21 Gas and Oil Expense
89.00
22 Depreciation Expense-Office Equipment
100.00
23 Miscellaneous Expense
98.00
24
3,095.00
4,812.00
9,917.00
8,200.00
25 Net Income
1,717.00
1,717.00
26
$4,812.00
$4,812.00
$9,917.00
$9,917.00
![structions
Labels and Amount Descriptions
Income Statement
ructions
Adams' Shoe Shine
Work Sheet (Partial)
For Month Ended June 30, 20--
INCOME
INCOME
1
BALANCE SHEET
BALANCE SHEET
STATEMENT
STATEMENT
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
3
Cash
2,724.00
4.
Accounts Receivable
1,243.00
5 Supplies
900.00
6 Prepaid Insurance
650.00
7 Office Equipment
2,200.00
Accumulated Depreciation-Office Equipment
8
100.00
Accounts Payable
1,840.00
10 Wages Payable
260.00
11 Mary Adams, Capital
6,000.00
12 Mary Adams. Drawing
2.200.00
Previous](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F757b4d07-2fce-4816-bcd0-36b0cdb818c6%2F11e578ba-c6e3-45c2-8243-d70c960448e6%2Ffa7p75h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:structions
Labels and Amount Descriptions
Income Statement
ructions
Adams' Shoe Shine
Work Sheet (Partial)
For Month Ended June 30, 20--
INCOME
INCOME
1
BALANCE SHEET
BALANCE SHEET
STATEMENT
STATEMENT
ACCOUNT TITLE
DEBIT
CREDIT
DEBIT
CREDIT
3
Cash
2,724.00
4.
Accounts Receivable
1,243.00
5 Supplies
900.00
6 Prepaid Insurance
650.00
7 Office Equipment
2,200.00
Accumulated Depreciation-Office Equipment
8
100.00
Accounts Payable
1,840.00
10 Wages Payable
260.00
11 Mary Adams, Capital
6,000.00
12 Mary Adams. Drawing
2.200.00
Previous
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![College Accounting, Chapters 1-27 (New in Account…](https://www.bartleby.com/isbn_cover_images/9781305666160/9781305666160_smallCoverImage.gif)
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![College Accounting, Chapters 1-27 (New in Account…](https://www.bartleby.com/isbn_cover_images/9781305666160/9781305666160_smallCoverImage.gif)
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College