Question & Answer: Prepare an income statement for a company end of the year ended June…..

Prepare an income statement for a company end of the year ended June 30, 2011. Income statement preparation.

Service revenue $62,675

Rent expense $12,000

Insurance expense 6,550

administration expense 5,720

Salery expense 18,625

Expert Answer

 

Income statement

Service revenue $62,675
Expenses:
Rent expense $12,000
Insurance expense $6,550
Administration expense $5,720
Salary expense $18,625
Total expenses $42,895
Net income $19,780
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