Question
Resolve the following income statement Business Name: Tranzas y mudanzas Period from 1 January to 19 October 2007 Sales $ 950,000 Discounts on purchases $
Resolve the following income statement
Business Name: Tranzas y mudanzas Period from 1 January to 19 October 2007
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Sales | $ 950,000 | Discounts on purchases | $ 5.000 |
Initial inventory | $ 500,000 | Profit on the sale of shares and securities | $ 3,200 |
Propaganda | $ 50,000 | Shopping | $ 500,000 |
Salary of the sales department | $ 60,000 | Final inventory | $ 755,000 |
Warehouse rent | $ 10,000 | Freight and hauling of the goods sold | $ 3,000 |
Rent of the offices | $ 15,000 | Salary of office staff | $ 80,000 |
Office light | $ 1,500 | Interest earned | $ 2,000 |
Sales discounts | $ 2,000 | Stationery and office supplies | $ 7,000 |
Sales Department Light | $ 3,000 | Loss on sale of fixed assets | $ 5,000 |
Post and telegraphs | $ 1,000 | Situation expenses | $ 1,500 |
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