Income statement tab: Select the financial statement elements and accounts properly included on the income statement. The balances automatically populate from the trial balance selected. Determine if the company reported a net income or a net loss.
Homework Answers
Income statement
For the month ended December 31,2018
| Revenue | ||
| Photography revenue | 10040 | |
| Expense | ||
| Salaries expense | 1350 | |
| Utilities expense | 2100 | |
| Rent expense | 1100 | |
| Depreciation expense-Photography equipment | 3720 | |
| Photography supplies expense | 1680 | |
| Total expense | 9950 | |
| Net income | 90 | |
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Income statement
tab: Select the
financial statement elements and accounts properly included on the
income statement. The...
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