Question
Analyze the following transactions for Theta Ltd. for the month of March: Sales Revenue: $200,000 Purchases: $90,000 Rent Expense: $15,000 Utilities Expense: $10,000 Salaries Expense:
Analyze the following transactions for Theta Ltd. for the month of March:
- Sales Revenue: $200,000
- Purchases: $90,000
- Rent Expense: $15,000
- Utilities Expense: $10,000
- Salaries Expense: $40,000
- Depreciation Expense: $8,000
Calculate Theta Ltd.'s Net Income and prepare an Income Statement for the month of March.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
