Question

LG Chapter Lab Cecy Prin T CONTRO ВА ОНА . 2. COMPRO H UPA... Chapter 4 - Instruction 1 The balance of PS Musicas Prepaid Insurance 250 canslated Depreciation Accounts Payable Wages Payable Common Shock Dividends Wages Expense orce Rent Expense 1.500 mert kent Expense 52 Us Em supplies Expense Insurance Erpenie 57 225 Dearedator Expense Miscellaneous Expense 1,553 43,340 42.345 . Prepare an income statement for the two months ended May 31, 2015 PS Hur For Two Hat Eided by a

Answer 1

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Ps music Income Stalement for the two months ended July 31, 2015 Fees Earned $1,200 Expenses y Music Expense Wages Expense office Rent Expense Advertising Expense Equipment Dent Experise stilities Expense Supplies expense Insurance expense Depreciation Expense mis cellaneous Expense $3610 $2940 88550 $1500 $1375 $1815 & 925 $225 $50 $1855 Total Expenses $16,845 Net Income $4,955