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Please construct a Profit & Loss Statement for the first six months of the year 2015, on Jeff's Auto Repair with the following information: Purchase
Please construct a Profit & Loss Statement for the first six months of the year 2015, on Jeff's Auto Repair with the following information: Purchase of spare parts $65,000 Salary paid to mechanics $127,000 Commission paid to marketing agents $18,000 Money received for cars repaired $245,000 Money received for storage of cars $45,000 Sales of tires $84,000 Rent of shop paid to landlord $28,000 Other expenses paid out $23,000 Tax bracket 30%
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