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Operating loss (2,584,796) Interest expense 63,428 Other (income) expense Net loss Above is a partial income statement. Use the following accounts to determine other (income)
Operating loss | (2,584,796) | |
Interest expense | 63,428 | |
Other (income) expense | ||
Net loss |
Above is a partial income statement. Use the following accounts to determine other (income) expense, then calculate net loss.
DEBIT | CREDIT | |
Interest Earned | 67.15 | |
Other Income | 2,951.20 | |
Deferred Financing Costs | 9,223.67 | |
Depreciation | 23,622.18 | |
Interest Expense | 63,428.20 | |
Non-cash interest | 8,533.00 |
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