Question
5 - 5b WRIGHT COMPANY Income Statement For the Month Ended December 31, 2014 Sales Revenues Sales Revenue 972,000 Sales Return and allowances 46,000 Sales
5 - 5b
| WRIGHT COMPANY | ||
| Income Statement | ||
| For the Month Ended December 31, 2014 | ||
| Sales Revenues | ||
| Sales Revenue | 972,000 | |
| Sales Return and allowances | 46,000 | |
| Sales Discount | 12,000 | |
| Net Sales | 914,000 | |
| Cost of goods sold | 548,000 | |
| Gross profit | 366,000 |
|
| Operating Expenses |
| |
| Salaries and wages ( 88,000 +10,000 + 46,000) | 152,000 |
|
| Freight Out | 20,000 |
|
| Depreciation Equipment | 4,000 |
|
| Advertising Expense | 12,000 |
|
| Utilities Expense | 13,000 |
|
|
| Amount |
|
| Account title | Amount |
|
| Total operating expenses | Amount | |
| Income from operations | Amount | |
| Other revenues and gains | ||
| Account title | Amount |
|
| Other expenses and losses | ||
| Account title | Amount | Amount (Total) |
| Income before income taxes |
| |
| Income tax expense |
| |
| Net Income |
|
|
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
