Exercise 2: (2 Marks) The adjusted trial balance of YWZ Company on December 31, 2017...
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Accounting
Exercise 2: (2 Marks)
The adjusted trial balance of YWZ Company on December 31, 2017 includes the following accounts:
Accumulated Depreciation, $8,000;
Depreciation Expense, $2,500;
Note Payable $6,500;
Interest Expense $250;
Utilities Expense, $350;
Rent Expense, $820;
Service Revenue, $22,600;
Salaries Expense, $6,000;
Supplies, $300;
Supplies Expense, $1,800;
Wages Payable, $700.
Required:
Prepare an income statement for the month of December.
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