Income Statement The following account balances were taken from the adjusted trial balance for Urgent...
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Accounting
Income Statement
The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm, for the fiscal year ended November 30, 20Y1:
| Depreciation Expense | $9,700 |
| Fees Earned | 515,100 |
| Insurance Expense | 1,840 |
| Miscellaneous Expense | 3,880 |
| Rent Expense | 73,700 |
| Salaries Expense | 259,000 |
| Supplies Expense | 3,300 |
| Utilities Expense | 28,100 |
Prepare an income statement for Urgent Messenger Service.
Urgent Messenger Service Income Statement For the Year Ended November 30, 20Y1 Fees earned
Expenses:
Salaries expense
Rent expense
Utilities expense
Depreciation expense
Supplies expense
Insurance expense
Miscellaneous expense
Total expenses
Net income
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