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G Jenna operates a successful hair salon. Her current year revenue is $110,000 and she has amounts receivable of S600 110,000 1 mk 600 I
G Jenna operates a successful hair salon. Her current year revenue is $110,000 and she has amounts receivable of S600 110,000 1 mk 600 I mk Expenses: Accounting and Legal (Note 1) cost of products purchased (Note 2) Rent Advertising and promotion Office expenses (Note 3) Depreciation (Note 4) Insurance Note 5) Interest on the bank loan Meals and Entertainment Cleaning expense {Note 6 Capital cost allowance (see table below) 4,000 16,200 36,000 1.800 3.200 26,000 3,100 1.920 1,500 13,000 imk 1 mk imk 1 mk 1 mk 1 mk I mk I mk imk 1 mk 1 mk
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