The Adjusted Trial Balance of Rocky Acre Spread Inc

Essay

The adjusted trial balance of Rocky Acre Spread Inc. on December 31, 2014 includes the following accounts: Accumulated Depreciation, ₤6,000; Depreciation Expense, ₤2,000; Note Payable ₤7,500; Interest Expense ₤150; Utilities Expense, ₤300; Rent Expense, ₤500; Service Revenue, ₤16,600; Salaries and Wages Expense, ₤4,000; Supplies, ₤200; Supplies Expense, ₤1,200; Salaries and Wages Payable, ₤600. Prepare an income statement for the month of December.