How do I Prepare an income statement for the the two-month period ending October 31, 2018 Kate's CardsTrial BalanceOctober 31, 2019DebitCreditCash,2,1003,500Accounts ReceivableSupplies Inventory300Prepaid Insurance1,0004,800EquipmentAccumulated Depreciation EquipmentWages PaybleUtilities PayableUnearned RevenueCommon StockDividendsSales Revenue2001008550010,0001008,500Teaching RevenueCost of Goods Sold4502,550Consulting ExpenseUtilities ExpenseInsurance ExpenseWages ExpenseRent Expense503352002,3002,400Depreation Expense200Totals19,835 S19,835%24

The income statement shows the excess of revenue over all the expenses. It is a vital part of the…

Kate's Cards Trial Balance October 31, 2019 Debit 2,100 3,500 Credit Cash Accounts Receivable Supplies Inventory Prepaid Insurance Equipment Accumulated Depreciation Equipment Wages Payble Utilities Payable 300 1,000 4,800 200 100 85 Unearned Revenue 500 Common Stock Dividends 10,000 100 Sales Revenue Teaching Revenue Cost of Goods Sold 8,500 450 2,550 50 Consulting Expense Utilities Expense Insurance Expense 335 200 Wages Expense Rent Expense Depreation Expense 2,300 2,400 200 Totals 19,835 S 19,835

Kate's Cards Trial Balance October 31, 2019 Debit 2,100 3,500 Credit Cash Accounts Receivable Supplies Inventory Prepaid Insurance Equipment Accumulated Depreciation Equipment Wages Payble Utilities Payable 300 1,000 4,800 200 100 85 Unearned Revenue 500 Common Stock Dividends 10,000 100 Sales Revenue Teaching Revenue Cost of Goods Sold 8,500 450 2,550 50 Consulting Expense Utilities Expense Insurance Expense 335 200 Wages Expense Rent Expense Depreation Expense 2,300 2,400 200 Totals 19,835 S 19,835

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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