Question

Prepare the Income Statement for the year ending Dec 31,2018.

plete) This Qu Data Table Green Advertising Services Adjusted Trial Balance December 31, 2018 abel o Balance Account Title Cash Accounts Receivable Debit Credit $14,000 15,800 6,500 18,400 47,900 Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation--Furniture Accounts Payable $ 36,100 19,600 14,100 10,600 7,200 16,000 30,000 31 400 Salaries Payable Unearned Revenue Common Stock llRetained Farninns arenth Print Done

Answer 1

You have specifically asked for Income Statement only.

Income Statement
Year ended Dec 31 2018
Revenues:
Service Revenue		$49,800
Expenses:
Salaries expense	$28,600
Supplies expense	$8,400
Depreciation expense - Building	$2,900
Depreciation expense - Furniture	$1,300
Advertising expense	$13,500
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Total Expenses		$54,700
Net Income (loss)		($4,900)