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based on the calculation results for each financial statement, explain what the calculation results show about each line in detail. Income statements Revenues: Absolute Service
based on the calculation results for each financial statement, explain what the calculation results show about each line in detail.
Income statements
Revenues:
Absolute
Service Revenue
Total Revenue.
Percentage
Expenses:
Salary Expense
Rent Expense
Utility Expense
Depreciation Expense
Insurance Expense
Supply Expense
Total Expenses
Balance sheets
Assets:
Cash
Acct Rec'able
PP In
Equipment Accu. Dep.
Supplies
Total Assets
Absolute
Percentage
Liabilities and Stockholders' Equity Liabilities:
Accounts Payable
Salary Payable
Total Liabilities
Stockholders' Equity:
Common Stock
Retained Earnings
Total Equity.
Total Liabilities & Equity.
Income statements
Expenses:
Salary Expense
Rent Expense
Utility Expense
Depreciation Expense
Insurance Expense
Supply Expense
Total Expenses
Balance sheets
Liabilities and Stockholders' Equity
Liabilities:
Accounts Payable
Salary Payable
Total Liabilities
Stockholders' Equity:
Common Stock
Retained Earnings
Retained Earnings
Total Equity.
Total Liabilities & Equity.
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