Secure httpswwwmathal k aspx homeworkid 404897446questionld

Secure https//www.mathal k aspx homeworkid 404897446questionld 38lushed-falseBcld-50298718centerwinayes ACCT 2301.WP joseph Herman& 7/4/18 7:40 AM Homework: Chapter 03 Homework Score: 0 of 2 pts E3-23A (similar to) The adjuated rual balance for Party Planner Caering, Iinc. is presented beliow Prepare the income statement and statement of retained eamings for Party Planner Catening. Inc. for the month ended March 31,2016 Nso pepare a batance shreet at Ma EEB IClck the icon to voew the adjusted trial batance Prepare the income stalement Of a box is not used in the statement, lnave the box empty. do not select a label or enter a e 4 of5 (3 compiete) Hw Score: 4367%, 437 of 10 pts Questor, Help * 3 Data Tabie Party Planner Catering, Ine. Party Planner Caering, Int. Adjusted Trial Balance For the Month Ended March 31, 2016 March 31 Accounts receivable Supplies Equipment coumulaed deprecation equipment Aocounts payable Salaries payable Uneamed service revenue Common stock Retained earnings 6,800 .100 Total expenses Net income (loss) 13.600 ,900 19.300 Rent expense Depreciation expense, equipment Supplies expense $1 600 S $1,600 ose from any list or enter any number in the input fields and then click Check Answer Check Answer Print Done Clear O Type here to search

Solution

Solution:

Party Planner Catering Inc.
Income statement
For the month ended March 31, 2016
Particulars		Amount
Revenue:
Service Revenue		$19,300.00
Expenses:
Salaries expense	$5,000.00
Rent expense	$1,200.00
Depreciation expense, equipment	$1,900.00
Supplies Expense	$800.00
Total expenses		$8,900.00
Net Income (Loss)		$10,400.00