Reference no: EM132487972
The adjusted trial balance of Wallowa Ranch Inc. on December 31, 2016 includes the following accounts:
Accumulated Depreciation, $8,000;
Depreciation Expense, $2,000;
Notes Payable $7,800;
Interest Expense $250;
Utilities Expense, $370;
Rent Expense, $800;
Service Revenue, $24,600;
Salaries and Wages Expense, $6,800;
Supplies, $250;
Supplies Expense, $1,500;
Salaries and Wages Payable, $800.
Question 1: Prepare an income statement for the month of December.