176 prepare an income statement and a statement of retained earnings for the month e 4297069
176. Prepare an income statement and a statement of retained earnings for the month ended November 30, 2008 from the T-accounts below.
|
Prepaid Insurance |
|
Accounts Receivable. |
|
Unearned Revenues |
|
Capital Stock |
||||
|
1200 |
|
|
2000 |
|
|
|
1350 |
|
|
4000 |
|
|
100 |
|
500 |
|
|
350 |
|
|
|
3000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
|
Dividends |
|
Income Summary |
|
Fees Earned |
||||
|
|
3000 |
|
2600 |
|
|
|
5850 |
|
|
5000 |
|
185 |
|
|
|
2600 |
|
6035 |
|
|
|
500 |
|
2600 |
|
|
|
|
|
|
185 |
|
|
350 |
|
|
|
|
|
|
|
|
|
|
5850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wages Expense |
|
Rent Expense |
|
Insurance Expense |
|
Utilities Expense |
||||
|
3600 |
|
|
1780 |
|
|
100 |
|
|
80 |
|
|
475 |
|
|
|
1780 |
|
|
100 |
|
|
80 |
|
|
4075 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|