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Shawn’s Tutoring adjusted trial balance follows.

SHAWN's TUTORING
Adjusted Trial Balance
December 31, 2017
AccountsDebitsCredits
Cash1,590
Accounts Receivable1,030
Office Supplies1,970
Equipment20,620
Accumulated Depreciation--Equipment1,790
Accounts Payable830
Interest Payable870
Notes Payable3,800
Shawn Cee, Capital13,520
Shawn Cee, Drawing680
Service Revenue15,180
Rent Expense5,400
Supplies Expense800
Depreciation Expense--Equipment1,850
Interest Expense2,050
TotalSingle line35,990Double lineSingle line35,990Double line

 

Prepare Shawn’s income statement for the year ended December 31, 2017.

SHAWN'S TUTORING
Income Statement
For year ending December 31, 2017
DescriptionAmountTotal
Subcategory,Expenses:
Single line
Total ExpensesSingle lineSingle line
Net IncomeSingle lineDouble line