The Adjusted Trial Balance of Wallowa Ranch Inc

Essay

The adjusted trial balance of Wallowa Ranch Inc. on December 31, 2022 includes the following accounts: Accumulated Depreciation, $8,000; Depreciation Expense, $2,000; Notes Payable $7,800; Interest Expense $250; Utilities Expense, $370; Rent Expense, $800; Service Revenue, $24,600; Salaries and Wages Expense, $6,800; Supplies, $250; Supplies Expense, $1,500; Salaries and Wages Payable, $800. Prepare an income statement for the month of December.