The adjusted trial balance of Lopez Company at December 31, 2014, includes the following accounts:..
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The adjusted trial balance of Lopez Company at December 31, 2014, includes the following accounts: Common Stock $15,600; Dividends $6,000; Service Revenue $38,400; Salaries and Wages Expense $16,000; Insurance Expense $2,000; Rent Expense $4,400; Supplies Expense $1,500; and Depreciation Expense $1,300. Prepare an income statement for the year.View Solution:
The adjusted trial balance of Lopez Company at December 31