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Hello, Can you please help me with this accounting? fIncome statement Gross sales return and allowances Taxable Interest income COGS Gross Income Office rent expense
Hello,
Can you please help me with this accounting?
\fIncome statement Gross sales return and allowances Taxable Interest income COGS Gross Income Office rent expense Salary and wagesexpense Miscellaneous business expenses Depreciation Charitable contributions (non-operating gain/losses) Net income Charitable contribution to be carried over = $0) 800000 -2000 20000 -200000 618000 -50000 -300000 -75000 -5000 -25000 163000 Income statement Gross sales return and allowances Taxable Interest income COGS Gross Income Office rent expense Salary and wagesexpense Miscellaneous business expenses Depreciation R&E expenses Charitable contributions (non-operating gain/losses) Net income 950000 -5000 20000 -350000 615000 -60000 -150000 -75000 -120000 -50000 -53,333 106667 1667 Charitable contribution to be carried over Charitable contribution cannot be more than 50% of income. Income statement Gross sales return and allowances Taxable Interest income COGS Gross Income Office rent expense Salary and wagesexpense Miscellaneous business expenses Depreciation Charitable contributions (non-operating gain/losses) Net income Charitable contribution to be carried over = $0) 800000 -2000 20000 -200000 618000 -50000 -300000 -75000 -5000 -25000 163000 Income statement Gross sales return and allowances Taxable Interest income COGS Gross Income Office rent expense Salary and wagesexpense Miscellaneous business expenses Depreciation R&E expenses Charitable contributions (non-operating gain/losses) Net income 950000 -5000 20000 -350000 615000 -60000 -150000 -75000 -120000 -50000 -53,333 106667 1667 Charitable contribution to be carried over Charitable contribution cannot be more than 50% of incomeStep by Step Solution
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