The Adjusted Trial Balance of Old 97 Automotive Service Company

Essay

The adjusted trial balance of Old 97 Automotive Service Company on June 30, 2022 includes the following accounts: Supplies, $300; Accumulated Depreciation, $9,500; Salaries and Wages Payable, $1,550, Notes Payable $6,750; Service Revenue, $22,100; Salaries and Wages Expense, $8,750; Depreciation Expense, $3,250; Supplies Expense, $1,000; Rent Expense, $400; Utilities Expense, $350; Utilities Payable $50; Interest Payable, $55, and Interest Expense $250. Prepare an income statement for the month of June.