The Adjusted Trial Balance of Wallowa Ranch Inc

Essay

The adjusted trial balance of Wallowa Ranch Inc. on December 31 2016 includes the following accounts: Accumulated Depreciation $8000; Depreciation Expense $2000; Notes Payable $7800; Interest Expense $250; Utilities Expense $370; Rent Expense $800; Service Revenue $24600; Salaries and Wages Expense $6800; Supplies $250; Supplies Expense $1500; Salaries and Wages Payable $800. Prepare an income statement for the month of December.