CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION Exercise 2-8 (Part Level Submission) These financial statement items are for Skysong, Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock 3,980 58,500 16,600 20,400 4,100 67,100 9,500 3,700 16,000 30,800 11,680 7,100 4,000 5,100 35,600 Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) (al) [2] Your answer is partially correct. Try again. Prepare an income statement for the year. Skysong. Inc. did not issue any new stock during the year Skysong, Inc. Income Statement Ve 2000-20u uohnwileyasonsinc. All Rights Reserved. A Division of 2 m/edugen/shared/ t/test/aglist.uniid-asnmt2150480 SAMSUNG

Solution

Prepare income statement :

Revenue
Service revenue	67100
rent revenue	9500
Total revenue		76600
Expenses
Salaries and wages expenses	(58500)
Supplies expenses	(16600)
Depreciation exp	(5100)	(80200)
Net income		(3600)