Given the income statement columns and the balance sheet columns ...

[saliriagwu]

Given the income statement columns and the balance sheet columns of the worksheet, prepare an income statement for the month of October 31, 2017, for the company.

Trial

Adjusted

Income

Balance

Balance

Adjustments

Trial Balance

Statement

Sheet

Accounts	DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
Cash	1,000	​	​	​	1,000	​	​	​	1,000	​
Accts. Rec.	400	​	​	​	400	​	​	​	400	​
Supplies	900	​	​	c  400	500	​	​	​	500	​
Equipment	750	​	​	​	750	​	​	​	750	​
Accts. Pay	​	700	​	​	​	700	​	​	​	700
Capital	​	1,950	​	​	​	1,950	​	​	​	1,950
Withdrawals	200	​	​	​	200	​	​	​	200	​
Fees Earned	​	900	​	​	​	900	​	900	​	​
Salary Exp.	300		b  100	​	400	​	400	​	​	​
Totals	3,550	3,550	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Depreciation Expense	​	​	a   50	​	50	​	50	​	​	​
Accumulated Depreciation	​	​	​	a    50	​	50	​	​	​	50
Salaries Payable	​	​	​	b  100	​	100	​	​	​	100
Supplies Expense	​	​	c  400	​	400	​	400	​	​	​
Totals	​	​	550	550	3,700	3,700	850	900	2,850	2,800
Net Loss	​	​	​	​	​	​	50	​	​	50
​	​	​	​	​	​	​	900	900	2,850	2,850
​	​	​	​	​	​	​	​	​	​	​

[Swizqar]

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[saliriagwu]

Excellent

[jamesnevil303]

Thanks for the timely response, appreciate it