Listed Below Are Several Amounts from the Accounting Records of Big

question 131

Essay

Listed below are several amounts from the accounting records of Big Tom's Pawn Shops for the year ended December 31,Year 1.Prepare a single-step income statement in good form.
$$\begin{array} { l r } \text { Salaries expenses } & \$ 145,000 \\\text { Rent expense } & 12,000 \\\text { Selles } & 225,000 \\\text { Retained earnings } & 100,000 \\\text { Insurance expense } & 11,000 \\\text { Income taxes expense } & 30,000\end{array}$$