Revenues:
Senice Revenue
Wilton Delivery Service
Income Statement
Month Ended December 31, 2024
Expenses
Salaries Expense
Rent Expense
Supplies Expense
Fuel Expense
Depreciation Expense-Truck
Insurance Expense
Total Expenses
Net Income (Loss)
Prepare the statement of retained earnings. Enter any increases
Review the adjusted trial balance completed in Requirement 5.
Milton Delivery Service
Statement of Retained Earnings
Month Ended December 31, 2024
Retained Earnings, December 1, 2024
Net income for the month
Dividends
Retained Earnings, December 31, 2024
2,800
2,600
1,200
350
200
earings
22,650
4,630
$ 18,020
Reference
Account Title
Cash
Accounts Receivable
Milton Delivery Service
Adjusted Trial Balance
December 31, 2024
Balance
Debit Credit
$ 28,040
2,750
Office Supplies
350
Prepaid Insurance
Truck
18,000
Accumulated Depreciation-Truck
140
Salaries Payable
1,300
Unearned Revenue
900
(Complete
a"0" for any zero balances.)
Common Stock
32,000
Dividends
2,800
Service Revenue
22,650
Salaries Expense
2,600
Depreciation Expense-Truck
140
Insurance Expense
140
Fuel Expense
200
Rent Expense
1,200
350
Supplies Expense
Total
$ 56,990 $ 56,500