Question

Miller Delivery Service completed the following transactions during December 2016: (Click the icon to view the transactions.) Read the requirements Requirement 7. Prepare Miller Delivery Service's income statement and statement of retained earnings for the month ended December 31, 2016, and the classified balance sheet on that date. On the income statement, list expenses in decreasing order by amount that is, the largest expense first, the smallest expense last. Begin by preparing the income statement. List expenses in decreasing order by amount—that is, the largest expense first, the smallest expense last. Review the Income Statement columns of the worksheet.completed in Requirement 4 Miller Delivery Service Income Statement Month Ended December 31, 2016 Choose from any list or enter any number in the input fields and then click Check Answer. narts Clear All Check Answer

Answer 1

Miller Delivery Service
Income Statement
For Month Ended December 31, 2016
Revenues
Service Revenue		21,150
Expenses
Salaries expense	2,000
Rent expense	1,600
Supplies expense	400
Fuel expense	300
Insurance expense	250
Depreciation expense-Truck	250
Total Expenses		4,800
Net Income (Loss)		16,350

Since its mentioned in instructions that largest expense to be first and smallest to be last

We must first list salaries exp highest @ 2,000, then rent @ 1,600, supplies @ 400 and so on..