Unformatted text preview: RESOURCE TRUCKING COMPANY Income Statement For Year Ended December 31, 2009 Trucking Fees Earned $ 121,000 Expenses: Office Supplies Expense $ 6,655 Salaries Expense 56,749 Repairs Expense-Trucks 10,406 Depreciation Expense-Trucks 20,727 Total expenses 94,537 Net Income $ 26,463 Worksheet Learning Objective: 04-C2 Requirement 1: Prepare the Resource Trucking Company's income statement. (Input all amounts as positive values. Omit the "$" sign in your response.) RESOURCE TRUCKING COMPANY Income Statement For Year Ended December 31, 2009 Trucking Fees Earned $ 121,000 Expenses: Depreciation Expense-Trucks $ 20,727 Salaries Expense 56,749 Office Supplies Expense 6,655 Repairs Expense-Trucks 10,406 Total expenses 94,537 Net Income $ 26,463 Requirement 2: Prepare the statement of owner's equity. (Omit the "$" sign in your response.)...
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.
- Spring '10
- Trial Balance