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F QED Electronics Company had the following transactions during April while conducting its television and stereo repair business. (10 Pts.) 1. A new repair truck
F QED Electronics Company had the following transactions during April while conducting its television and stereo repair business. (10 Pts.) 1. A new repair truck was purchased for $19,000 2. Parts with a cost of $1,600 were received and used during April 3. Service revenue for the month was $33,400, but only $20,500 was cash sales 4. Interest expense on loans outstanding was $880 5. Wage costs for the month totaled $10,000; however, $1,400 had not been paid to employees 6. Parts inventory used during the month was $2,100 7. Utility bills totaling $1,500 were paid. $700 of this amount was associated with March's operations. 8. Depreciation expense was $2,700. 9. Selling expenses were $1,900 10. Administrative and miscellaneous expenses were $4,700. QUIRED: Prepare an Income Statement for the month of April
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