Question
Please, prepare 1 step income statement from the following information for year 2015 and below write that is TOTAL EXPENSES and LOSSES of the company.
Please, prepare 1 step income statement from the following information for year 2015 and below write that is TOTAL EXPENSES and LOSSES of the company.
Sales 600 000
Depreciation 3300
Bad Debt Provision ?
Interest revenue 1200
Interest expense 800
Salaries ?
General and administrative Expense ?
Rent ?
Cost of goods sold 15 000
Utilities 700
Gains ?
Company has issued invoices for a total of 125 000 euro to its customers in a given month, and has a historical experience of 8% bad debts on its billings.
Company sells one of its sewing machine for 3 000 euro. Over the years, the cost of the machinery was being depreciated on the company's accounting records (2500) euro.
Company in 2014 has totally 75 000 euro expense for salaries, in 2015 salaries decreased 3 %. What are salaries expense are in 2015?
Company in 2014 has totally 1500 euro general and administrative expense, in 2015 these expense increased 15 %. Company in 2014 paid 3000 euro for rent in 2015 rent cost increased 10%.
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