Can someone use this to make an example of how to create an income statement pls? Falance SheetInstructionsLabels and Amount DescriptionsBalance SheetInstructions12 Mary Adams, Drawing2,200.0013 Service Fees4,813.0014 Wages Expense1,080.0015 Advertising Expense36.0016 Rent Expense800.0017 Supplies Expense323.0018 Phone Expense134.0019 Utilities Expense103.0020 Insurance Expense120.0021 Gas and Oil Expense87.0022 Depreciation Expense-Office Equipment100.0023 Miscellaneous Expense97.00242,880.004,813.0010,153.008,220.0025 Net Income1,933.001,933.0026$4,813.00$4,813.00$10,153.00$10,153.00 alance SheetInstructionsLabels and Amount DescriptionsBalance SheetnstructionsAdams' Shoe ShineWork Sheet (Partial)For Month Ended June 30, 20--INCOMEINCOME1BALANCE SHEETBALANCE SHEETSTATEMENTSTATEMENTACCOUNT TITLEDEBITCREDITDEBITCREDIT3 Cash3,269.004 Accounts Receivable1,244.005 Supplies800.006 Prepaid Insurance640.007 Office Equipment2,000.008 Accumulated Depreciation-Office Equipment100.009 Accounts Payable1,860.0010 Wages Payable260.0011 Mary Adams, Capital6,000.00Previous

Income statement: It is one of the financial statements prepared by an organization. This statement…

structions 12 Mary Adams, Drawing 2,200.00 13 Service Fees 4,813.00 14 Wages Expense 1,080.00 15 Advertising Expense 36.00 16 Rent Expense 800.00 17 Supplies Expense 323.00 18 Phone Expense 134.00 19 Utilities Expense 103.00 20 Insurance Expense 120.00 21 Gas and Oil Expense 87.00 22 Depreciation Expense-Office Equipment 100.00 23 Miscellaneous Expense 97.00 24 2,880.00 4,813.00 10,153.00 8, 25 Net Income 1,933.00 1,9 26 $4,813.00 $4,813.00 $10,153.00 $10.

structions 12 Mary Adams, Drawing 2,200.00 13 Service Fees 4,813.00 14 Wages Expense 1,080.00 15 Advertising Expense 36.00 16 Rent Expense 800.00 17 Supplies Expense 323.00 18 Phone Expense 134.00 19 Utilities Expense 103.00 20 Insurance Expense 120.00 21 Gas and Oil Expense 87.00 22 Depreciation Expense-Office Equipment 100.00 23 Miscellaneous Expense 97.00 24 2,880.00 4,813.00 10,153.00 8, 25 Net Income 1,933.00 1,9 26 $4,813.00 $4,813.00 $10,153.00 $10.

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...

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