Try another version of this question Shawn’s Tutoring adjusted trial balance follows. Prepare Shawn’s income statement for the year ended December 31, 2017.
Adjusted Trial Balance
December 31, 2017Accounts Debits Credits Cash 1,520 Accounts Receivable 1,130 Office Supplies 1,940 Equipment 19,030 Accumulated Depreciation--Equipment 1,720 Accounts Payable 930 Interest Payable 840 Notes Payable 4,290 Shawn Cee, Capital 11,930 Shawn Cee, Drawing 680 Service Revenue 15,180 Rent Expense 5,890 Supplies Expense 800 Depreciation Expense--Equipment 1,710 Interest Expense 2,190 Total Single line34,890Double line Single line34,890Double line
Income Statement
For year ending December 31, 2017Description Amount Total Subcategory,Expenses: Single line Total Expenses Single lineSingle line Net Income Single lineDouble line
Income Statement
For year ending December 31, 2017Description Amount Total Service Revenue 15,180 Subcategory,Expenses: Rent Expense 5,890 Supplies Expense 800 Depreciation Expense--Equipment 1,710 Interest Expense 2,190Single line Total Expenses Single line10,590Single line Net Income Single line4,590Double line