Question
5. How would an income statement look for this? Revenue: $100000 Cost of Goods Sold $50000 Salary Exp $30000 Car $19000 Acct Rec $20000 Legal
5. How would an income statement look for this?
Revenue: $100000
Cost of Goods Sold $50000
Salary Exp $30000
Car $19000
Acct Rec $20000
Legal Exp $1500
Acct Payable $20000
Acct Payable $18000
Inventory $15000
Equipment Repairs $1000
Supplies Exp $5000
Dividends paid $500
Taxes $20000
Investment Income $3000
Cash $19000
Petty Cash $2500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
