Cost of Revenues Operating Expenses Operating Income Interest Income (Exp.) Pretax Income Revenues Taxes Net Income Transactions Ship and invoice $450 of goods that cost $210 Depreciate office equipment $50 Receive payment for last month's shipment of $150 Receive goods costing $100 and put in inventory Pay sales commission of $20 Receive $2 of interest on cash balances Pay sales manager $10 Receive customer returns priced at $5 that had cost $3 Scrap $5 of goods destroyed in shipment to customer Pay accountant $150 for audit Pay rebate of $2 on sales Purchase a machine for $500 Pay supplier $120 for goods received last month Pay $10 interest on debt Totals $ $ $ $ S S $ $ S - $ $ S $ $ $ $ $ $ $ $ Cost of Revenues Operating Expenses Operating Income Interest Income (Exp.) Pretax Income Revenues Taxes Net Income Transactions Ship and invoice $450 of goods that cost $210 Depreciate office equipment $50 Receive payment for last month's shipment of $150 Receive goods costing $100 and put in inventory Pay sales commission of $20 Receive $2 of interest on cash balances Pay sales manager $10 Receive customer returns priced at $5 that had cost $3 Scrap $5 of goods destroyed in shipment to customer Pay accountant $150 for audit Pay rebate of $2 on sales Purchase a machine for $500 Pay supplier $120 for goods received last month Pay $10 interest on debt Totals $ $ $ $ S S $ $ S - $ $ S $ $ $ $ $ $ $ $