Leno Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data. During February no events occurred that affected these accounts, but at the end of February the following information was available.
(a) Supplies on hand $2,150
(b) Monthly depreciation $2,100
(c) Accrued interest $ 100
Instructions
Reproduce the data that would appear in the February worksheet, and indicate the amounts that would be shown in the February income statement.