Business, 20.02.2020 20:01 raweber

The adjusted trial balance of Parsons Company at December 31, 2014, includes the following accounts: Owner's Capital $15,600, Owner's Drawings $7,000, Service Revenue $37,000, Salaries and Wages Expense $16,000, Insurance Expense $2,000, Rent Expense $4,000, Supplies Expense $1,500, and Depreciation Expense $1,300.

Prepare an income statement for the year.

PARSONS COMPANY
Income Statement
For the Year Ended December 31, 2014

Income / (Loss)Owner

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The adjusted trial balance of Parsons Company at December 31, 2014, includes the following accounts:...

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