The following spreadsheet shows the income statement of Tradex Technologies: Column Row Number A 7 Revenues: 8

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The following spreadsheet shows the income statement of Tradex Technologies: Column Row Number A 7 Revenues: 8 Service revenue 9 Rent revenue 10 11 12 13 14 15 16 17 18 19 Total revenue Expenses: Salary expense Supplies expense Rent expense Depreciation expense Total expenses 20 21 Net income 22 B Required 1. Write the word number in the cells (indicated by arrows) where numbers will be entered. 2. Write the appropriate formula in each cell that will need a formula. Choose from these symbols. + add subtract * / multiply divide =SUM(beginning cell: ending cell 3. Last year, Tradex used this spreadsheet to prepare the company's budgeted income statement-which shows the company's net income goal-for the current year. It is now one year later, and Tradex has prepared its actual income statement for the year. State how the owner of the company can use this income statement in decision making.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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