Requirement 1: Prepare the income statement for the year ending December 31, 2024. (Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)
Web Advertising Services Income Statement
Data table
Year Ended December 31, 2024
Web Advertising Services Adjusted Trial Balance December 31, 2024
Balance Debit Credit
Cash 14,200 15,100
Accounts Receivable 6,300
Office Supplies 18,000
Land 51,000
Building 38,100
Accumulated Depreciation-Building 21,100
Furniture 13,200
Net Income (Loss) 10,100
Accumulated Depreciation-Furniture 8,000
Accounts Payable 17,000
Salaries Payable 69,200
Unearned Revenue 17,700
Corby, Capital 38,500
Corby, Withdrawals 27,000
Service Revenue 000'6
Salaries Expense 2,500
Supplies Expense 1,000
Depreciation Expense-Building 11,200
Depreciation Expense-Furniture
Advertising Expense Total
194,100 $ 194,100
Done
