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    grammyqbaby's Avatar
    grammyqbaby Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 29, 2012, 04:30 PM
    Accounting questions answered
    I am trying to do an income statement: I have only one source of revenue, I also have several expenses but I cannot make them balance on a worksheet that has unadjusted trial balance, adjustments, adjusted trial balance, income statement and balance sheet and statement of owner's equity. The amounts are as follows:
    Revenue $25,659 I have the following expense accounts. Depreciation expense - office equipment, depreciation expense - computer expense, wage expense, Rent expense, insurance expense,computer supply expense, advertising expense mileage expense, miscellaneous expense computer repair expense. I do not know which expenses to use for the income statement, what do I use?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 29, 2012, 05:02 PM
    Expenses by their nature belong in the income statement offsetting revenue

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