Question

Collaborations The adjusted trial balance for Sandhill Company is shown below. WileyPLUS Support SANDHILL COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Cr. Cash $10.500 $10.500 Accounts Receivable 8,700 9,500 Supplies 2.300 500 Prepaid Insurance 4,000 2700 Equipment 12.400 12.400 Accumulated Depreciation-Equipment $3,600 54.300 Accounts Payable 5,900 5.900 Salaries and Wages Payable 1.300 Uneamed Rent Revenue 1600 600 Owner's Capital 13,900 13.900 Service Revenue 34,200 35.000 Rent Revenue 10.900 11,900 Salarles and Wages Expense 17.200 18,500 Supplies Expense 1000 Rene Expense 15.000 15,000 Insurance Expense 1.300 Depreclation Expense 700 S70,100 $70.100 $72,300 $72,90

prepare income statement

Answer 1

Plese don't forget to hit like button if you're satisfied with the answer, if not please let me know by posting your comments in the comments section below.

SANDHILL COMPANY INCOME - STATEMENT AUGUST 31, 2020 Astlins) Angst linn Revenues 35,000 (2) (6) Service Revenue Rest Revenue bess? Onearsed Rest Revenue 11,900 (600) 11,300 (A) Total Revenues 46, 300 800 800 18.500 1300 19,800 Expenses! (2) Cost-of-goods sold (difference of Accounts Receiviable) (6) Salaries & wage expense Ald! Salaries & wages pagable o Supplies Expenses (-) Rest Expense (6) Insurance Expense leve prepaid Insurance 1,800 15,000 se 1,300 (2,700) (1400) expense Depreciation Expense 36,500 (B) Total Presentes Expenses 9,600. Net Income (A-B)