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Does anyone know how to prepare an income statement regarding this? Pls help ACCOUNT AMOUNT Revenue 500,000 Cost of Good Sold 300,000 Wage Expense  100,000 Rent Expense 30,000 Supplies Expense 20,000 Utilities Expense 10,000 Promotion Expense  50,000

Does anyone know how to prepare an income statement regarding this? Pls help ACCOUNT AMOUNT Revenue 500,000 Cost of Good Sold 300,000 Wage Expense  100,000 Rent Expense 30,000 Supplies Expense 20,000 Utilities Expense 10,000 Promotion Expense  50,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Does anyone know how to prepare an income statement regarding this? Pls help

ACCOUNT AMOUNT
Revenue 500,000
Cost of Good Sold 300,000
Wage Expense  100,000
Rent Expense 30,000
Supplies Expense 20,000
Utilities Expense 10,000
Promotion Expense  50,000
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