Question

28 Exercise 4-6 Completing the income statement columns and preparing closing entries LO P1, P2 These partially completed Income Statement columns from a 10-column work sheet are for Brown's Bike Rental Company ts Account Title Debit Credit Rent earned 103,000 eBook Salaries expense 45,732 Insurance expense Office supplies expense Bike repair expense Depreciation expense-Bikes 19,673 6,489 15,141 Hint Print 3,193 eferences (1) Use the information to determine the amount that should be entered on the net income line of the work sheet Prev 28 of 28 Next w tion K here to search DELL

Answer 1

1
	Net income	12772
2
		Debit	Credit
1	Rent earned	103000
	Income summary		103000
2	Income summary	90228
	Salaries expense		45732
	Insurance expense		6489
	Office supplies expense		15141
	Bike repair expense		3193
	Depreciation expense-Bikes		19673
3	Income summary	12772		(103000-90228)
	H. Brown, Capital		12772