EX 4-6 Income statement; net loss
The following revenue and expense account balances were taken from the ledger of Graphics Services Co. after the accounts had been adjusted on February 29, 2012, the end of the current fiscal year:
|
Depreciation Expense |
$ 9,000 |
Service Revenue |
$250,000 |
|
Insurance Expense |
4,000 |
Supplies Expense |
3,000 |
|
Miscellaneous Expense |
5,000 |
Utilities Expense |
14,600 |
|
Rent Expense |
36,000 |
Wages Expense |
215,000 |
Prepare an income statement.