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hey students in todays video Im gonna show you how to create an income statement from scratch lets get into it okay so in todays video Ill show you how to create an income statement Im gonna move my video over so that it doesnt block anything now here we have an adjusted trial balance usually theres a lot of steps before you get to this point but for this series Im gonna go ahead and show you how to create an income statement a balance sheet and a cash flow statement and were just gonna start at this point here with an adjusted trial balance so as you see debits have to equal credits and so at the bottom here you can see this is a total number is the same now on the left side here these are all our accounts and we kind of go through here with all of our current assets then we have a property plant and equipment we got some liabilities some equity and then this is all the stuff that goes on our income statement so Im going to show you here how to create an income statement w