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Assessment Sales Revenue saved Total Revenues 43,000 273,000 Expenses Supplies Expense 85,500 Salaries and Wages Expense 52,000 Advertising Expense 23,900 office Expense 55,500 Total Expenses
Assessment Sales Revenue saved Total Revenues 43,000 273,000 Expenses Supplies Expense 85,500 Salaries and Wages Expense 52,000 Advertising Expense 23,900 office Expense 55,500 Total Expenses 216,900 Net Income $ 56,100 Required: 1. Did the company generate more revenue from selling goods or providing services to customers? 2. If salaries and wages were to double, how much net income would the company report? 3-a. If the company paid $21,700 of its advertising expense during the current year, what amount is owed for advertising at the end of the year? 3-b. In what account would the amount still owing be reported? 4. Would the $11,900 of dividends be reported on the balance sheet or statement of retained earnings? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 38 Req 4 If the company paid $21,700 of its advertising expense during the current year, what amount is owed for advertising at the end of the year? Amount Owed < Req 2 Req 38 >
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