From the given adjusted trial balance, make an income summary account and income statement.
Account Title
DR: 240,650.00
CR:
Cash: 11,500.00
Accounts Receivable: 91,666.67
Prepaid Rent: 311,111.11
Prepaid Insurance: 6,200.00
Supplies: 350,000.00
Equipment: 3,300.00
Accumulated Depreciation-Equipment: 28,000.00
Furniture and Fixtures: 1,300.00
Accumulated Depreciation-Furniture and Fixtures: 60,000.00
Accounts Payable: 850,000.00
J. Rodriguez Capital: 5,000.00
J. Rodriguez, Withdrawal: 189,350.00
Service Income: 20,500.00
Salaries Expense: 6,950.00
Utilities Expense: 5,100.00
Miscellaneous Expense: 8,383.33
Rent Expense: 8,888.89
Insurance Expense: 5,450.00
Depreciation Expense-Equipment: 3,300.00
Depreciation Expense-Furniture and Fixtures: 1,300.00
Total: 1,103,950.00