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Annteak Inc. had the following transactions during September 2024: Equipment purchased $ 57,000 Cost of goods sold 11,100 Sales Revenue for the month 100,200 Interest
Annteak Inc. had the following transactions during September 2024: | ||||||||
Equipment purchased | $ 57,000 | |||||||
Cost of goods sold | 11,100 | |||||||
Sales Revenue for the month | 100,200 | |||||||
Interest expense on loans outstanding | 2,640 | |||||||
Wage costs for the month | 30,000 | |||||||
(of which $4,200 have not yet paid to employees | ||||||||
Bad debts | 1,935 | |||||||
Utility bills paid | 2,400 | |||||||
Depreciation expense | 8,100 | |||||||
Selling expenses | 5,700 | |||||||
Provision for income tax | 8,400 | |||||||
Miscellaneous expenses | 14,100 | |||||||
Required | ||||||||
Prepare a detailed income statement in proper form for the month of September 2024. |
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