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How to create a monthly income statement for company

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Reference no: EM132627141

Question - How to create a Monthly Income Statement for your own company based on the following accounts table.

Shop rent $2,000

Sales receipts 50,000

Utilities 500

Bank Loan 1200

Telephone expense 70

Office supplies 50

Auto expense 300

Accounts Payable 1000

Cash 500

Wages 6000

Accounts Receivable 6000

Fuel Cost 100

Insurance Payment 200

Depreciation expense 1000

Reference no: EM132627141

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