Metlock Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. Accounts payable $ 3,300 Supplies $ 2,490
Interest expense 430 Supplies expense 430
Equipment (net) 50,000 Depreciation expense 230
Salaries and wages expense 2,200 Service revenue 21,460
Bonds payable 22,800 Salaries and wages payable 520
Unearned service revenue 4,130 Common stock 9,000
Accounts receivable 1,350 Interest payable 170
Cash 4,250
Using the information, answer the following questions.
Prepare an income statement for the month of October 2022.
REESE INC.
Income Statement
choose the accounting period October 31, 2022 For the Month Ended October 31, 2022 For the Year Ended October 31, 2022
select an opening name for section one Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter an income statement item
enter a dollar amount
select an opening name for section two Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section two Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter a subtotal amount for section two
select a closing name for this statement Dividends Expenses Net Income / (Loss)Retained Earnings, October 1 Retained Earnings, October 31 Revenues Total Expenses Total Revenues
enter a total net income or loss amount