brief exercise 261
the adjusted trial balance of wild box corporation at December 31st
2017 includes the following account returned earnings 12600
dividends 5007 revenue 30,000 salaries and wages expense 15,000
insurance expense 2000 expense 4500 supplies expense 500,000 income
statement for the year ended December 31st 2017
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Revenue | $ 30,000 | |
Less: Expenses: | ||
Salaries and wages expense | $ 15,000 | |
Insurance Expense | $ 2,000 | |
Expense | $ 4,500 | |
Supplies Expenses | $ 500,000 | |
Total Expenses | $ (521,500) | |
Net Loss | $ (491,500) |
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