Amos Moving Services' Account Balances at March 31,2014,the End of the Current

question 81

Essay

Amos Moving Services' account balances at March 31,2014,the end of the current year,are listed below. The Retained Earnings balance was $180,000 at April 1,2013,the beginning of the current year.
$\begin{array}{llll}\text { AccountsPayable } & \$ 2,000 & \text { Miscellaneous Expense } & \$ 1,030 \\\text { Accounts Receivable } & 10,340 & \text { Office Expense } & 1,240 \\\text { Cash } & 21,420 & \text { Sipplies } & 1,670 \\\text { FeesEarned } & 73,450 & \text { Wages Expense } & 23,550 \\\text { Land } & 47,000 & \text { Dividends } & 16,570 \\\text { Building } & 157,630 & \text { Capital Stock } & 25,000\end{array}$
Based on the data provided for Amos Moving Services,prepare an income statement for the current year ended March 31,2014.

---

Definitions:

Emotional Growth

The development of the ability to experience, express, and manage emotions appropriately.

Scientific Method

A systematic process used for research that involves observation, forming a hypothesis, experimentation, and arriving at conclusions based on evidence.

Inductive Method

A logical approach that begins with observations and moves towards generalizations and theories.

Deductive Method

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.