BE3-9 The adjusted trial balance of Harmony Company at December 31, 2012, includ
ID: 2345398 • Letter: B
Question
BE3-9The adjusted trial balance of Harmony Company at December 31, 2012, includes the following accounts: Iwuh, Capital $15,600; Iwuh, Drawing $6,000; Service Revenue $35,400; Salaries Expense $16,000; Insurance Expense $2,000; Rent Expense $4,000; Supplies Expense $1,500; and Depreciation Expense $1,300. Complete the income statement for the year. (List amounts from largest to smallest e.g. 10, 5, 3, 2.)
HARMONY COMPANY
Income Statement
For the Year Ended December 31, 2012
Revenues
$
Expenses
$
Total expenses
Net income
$
Explanation / Answer
HARMONY COMPANY Income Statement For the Year Ended December 31, 2012 Revenues Service Revenue $35,400 Expenses Salaries Expense $16,000 Rent Expense $4,000 Insurance Expense $2,000 Supplies Expense $1,500 Depreciation Expense $1,300. Total expenses $24,800 Net income $10,600
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