The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 20Y7, the end of the fiscal year: Depreciation Expense $10,600 Insurance Expense 5,190 Miscellaneous Expense 4,130 Rent Expense 42,800 Service Revenue 203,500 Supplies Expense 2,540 Utilities Expense 16,320 Wages Expense 160,100 Prepare an income statement.

Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 6E: The following revenue and expense account balances were taken from the ledger of Wholistic Health...
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The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 20Y7, the end of the fiscal year:

Depreciation Expense $10,600
Insurance Expense 5,190
Miscellaneous Expense 4,130
Rent Expense 42,800
Service Revenue 203,500
Supplies Expense 2,540
Utilities Expense 16,320
Wages Expense 160,100

Prepare an income statement.

Acorn Health Services Co.
Income Statement
For the Year Ended January 31, 20Y7
    $fill in the blank 2
Expenses:    
  $fill in the blank 4  
  fill in the blank 6  
  fill in the blank 8  
  fill in the blank 10  
  fill in the blank 12  
  fill in the blank 14  
  fill in the blank 16  
Total expenses   fill in the blank 17
    $fill in the blank 19
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