I need assistance preparing an income statementThe Skyline Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial BalanceMay 31, 2020 Account Number Debit Credit 101 Cash $ 3,500 126 Supplies 2,080 130 Prepaid Insurance 2,400 140 Land 12,000 141 Buildings 60,000 149 Equipment 15,000 201 Accounts Payable $ 11,180 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 311 Common Stock 35,000 429 Rent Revenue 10,300 610 Advertising Expense 600 726 Salaries and Wages Expense 3,300 732 Utilities Expense 900 $99,780 $99,780

I need assistance preparing an income statement The Skyline Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Skyline Motel Trial Balance May 31,...

I need assistance preparing an income statement

The Skyline Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows.

Skyline Motel Trial Balance May 31, 2020
Account Number		Debit	Credit
101	Cash	$ 3,500
126	Supplies	2,080
130	Prepaid Insurance	2,400
140	Land	12,000
141	Buildings	60,000
149	Equipment	15,000
201	Accounts Payable		$ 11,180
208	Unearned Rent Revenue		3,300
275	Mortgage Payable		40,000
311	Common Stock		35,000
429	Rent Revenue		10,300
610	Advertising Expense	600
726	Salaries and Wages Expense	3,300
732	Utilities Expense	900
		$99,780	$99,780

Jun 01, 2022