Prepare the income statement for the year ended december, Financial Accounting

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Prepare the income statement for the year ended december

Purpose: This exercise illustrates how the items appearing on an adjusted trial balance get reported on the financial statements.

Instructions

Using the items on the Adjusted Trial Balance at December 31, 2014 for Butler's Equipment Rentals, Inc., prepare the following:

(a) Income Statement for the year ended December 31, 2014.

(b) Retained Earnings Statement for the year ended December 31, 2014.

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Financial Accounting: Prepare the income statement for the year ended december

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Financial Accounting: Prepare the income statement for the year ended december

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