I need help creating an income statement. I am missing one revenue and two expenses somewhere. I know it is Revenues - Expenses but my number is off. BUSINESS SOLUTIONSAdjusted Trial BalanceDecember 31, 2019Account TitleDebitCreditCash$51,471Accounts receivable4,268Computer supplies620Prepaid insurancePrepaid rent1,485790Office equipment8,500Accumulated depreciation-Office equipmentComputer equipmentAccumulated depreciation-Computer equipmentAccounts payableWages payableUnearned computer services revenueCommon stockRetained earningsDividends2$42522,8001,4251,4004401,90064,000|7,200Computer services revenue43,884Depreciation expense-Office equipment425Depreciation expense-Computer equipment1,425Wages expense3,425Insurance expense495Rent expense2,370Computer supplies expense3,425Advertising expenseMileage expense2,598782Miscellaneous expenses190Repairs expense-Computer1,205Totals113,474 $113,474

The income statement is prepared to record the revenues and expenses of the current period and…

ash $ 51,471 ccounts receivable 4,268 Fomputer supplies 620 repaid insurance 1,485 repaid rent 790 ffice equipment ccumulated depreciation-Office equipment 8,500 2$ 425 omputer equipment 22,800 ccumulated depreciation-Computer equipment 1,425 ccounts payable 1,400 lages payable 440 nearned computer services revenue 1,900 ommon stock 64,000 etained earnings ividends 7,200 omputer services revenue 43,884 epreciation expense-Office equipment 425 epreciation expense Computer equipment 1,425 Jages expense 3,425 nsurance expense 495 Lent expense computer supplies expense dvertising expense 2,370 3,425 2,598

ash $ 51,471 ccounts receivable 4,268 Fomputer supplies 620 repaid insurance 1,485 repaid rent 790 ffice equipment ccumulated depreciation-Office equipment 8,500 2$ 425 omputer equipment 22,800 ccumulated depreciation-Computer equipment 1,425 ccounts payable 1,400 lages payable 440 nearned computer services revenue 1,900 ommon stock 64,000 etained earnings ividends 7,200 omputer services revenue 43,884 epreciation expense-Office equipment 425 epreciation expense Computer equipment 1,425 Jages expense 3,425 nsurance expense 495 Lent expense computer supplies expense dvertising expense 2,370 3,425 2,598

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 2MC

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