The following accounts were taken from the Adjusted Trial Balance columns of the work

Accumulated Depreciation          25,000 GUINE COMP

Fees Earned 85,000 INCOME STATE
Depreciation Expense    9,500 for the month ended
Rent Expense      44,000
Prepaid Insurance   7,000 REVENUE:
Supplies   500 Fees Earned
Supplies Expense  2,500 EXPENSES:
Depreciation Expense   
Rent Expense     
Supplies Expense 
NET INCOME

The following revenue and expense account balances were taken from
Depreciation Expense 5,950
Insurance Expense 3,900
Miscellaneous Expense 2,200
Rent Expense 34,000
Service Revenue 102,500 REVENUE:
Supplies Expense 4,150 Service Revenue
Utilities Expense 6,000 EXPENSES:
Wages Expense 53,750 Depreciation Expe
Insurance Expens
Miscellaneous Exp
Rent Expense
Supplies Expense
Utilities Expense
Wages Expense
NET LOSS

Prepare an income statement for Angela Company, for the month ended October 31, 2020, from the follo
 Prepaid Insurance Accounts Receivable
1200 6000
100 500

Income Summary Fees Earned

8850 8000
4535 500
4515 350
8850

Wages Expense Rent Expense

2600 1280
475 3075 1280
e columns of the work sheet for June 30, 2020 for Guine Co.:

GUINE COMPANY
INCOME STATEMENT
for the month ended June 30, 2020

:
Fees Earned 85,000

ation Expense    9,500

44,000
Expense  2,500 56,000
29,000

ere taken from the Income Statement columns of the work sheet for Lesley C
LESLEY COMPANY
INCOME STATEMENT
for the month ended December 31, 2019

Service Revenue 102,500

EXPENSES:
Depreciation Expense 5,950
Insurance Expense 3,900
Miscellaneous Expense 2,200
Rent Expense 34,000
Supplies Expense 4,150
Utilities Expense 6,000
Wages Expense 53,750 109,950
NET LOSS 7,450

r 31, 2020, from the following T-Accounts.

Unearned Revenues Owner’s Capital
1350 7000
350

Insurance Expense Utilities Expense

100 80
100 80
heet for Lesley Co. for December 31, 2019:
 ANGELA COMPANY
INCOME STATEMENT
for the month ended October 31, 2020

REVENUE:
Fees Earned
EXPENSES:
Wages Expense 3,075
Rent Expense 1,280
Insurance Expense 100
Utilities Expense 80

NET INCOME
tober 31, 2020

8,850

4,535

4,315