Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I have this income statement and have the correct numbers in the spots filled in, but do not know if I need numbers in

Hi, I have this income statement and have the correct numbers in the spots filled in, but do not know if I need numbers in the blank spots and if I do not know if I would have the right numbers. Looking for help to decide if these need to be filled in and with what? Thank you in advance.

image text in transcribedimage text in transcribed
B C D E F G H K L M N 0 P R S T U V W HOME All4DOGS MILESTONE 3 - Income Statement INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an Announcement at the end of Module 4 [based on actual number of services for your pricing levels) Additional Information necessary to complete the Income Statement: General & Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 18 Loan = $420 19 Utilities & Insurance = $600 20 22 AIMDOGS Income Statement 24 For the Month Ended January 31, 2021 25 26 28 Revenue: 29 Grooming 3,750 30 Day Care 11,880 Boarding 9,000 33 Tota Revenue 24,630 34 Cost of Services * Gross ProfitS D E G J K L M N 0 P Q R T U V W A B C F H 21 22 AIMDOGS 23 Income Statement 24 For the Month Ended January 31, 2021 25 26 28 Revenue: 29 Grooming 3,750 30 Day Care 11,880 31 Boarding 9,000 Tota Revenue 24,630 33 34 Cost of Services * 35 Gross Profit S Expenses: 38 G&A Salaries S 1,200 Advertising 100 Cleaning Products 120 Depreciation 83 Rent 650 Loan 420 44 Utilities and Insurance 600 Total Expenses 3,173 46 48 Net Income / Loss 49 50 * Cost of Goods Sold = Cost of Services 51 There is no finished goods inventory to maintain. 52 54 55 56 57

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

11th Canadian Edition Volume 2

0135359783, 978-0135359785

More Books

Students also viewed these Accounting questions

Question

Identify the structure labeled K. F G hae: H I K FARME J

Answered: 1 week ago

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago