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Transactions for a Basic Business You operate a small store with the following transactions. Post the business's transactions by entering either positive or negative value
Transactions for a Basic Business You operate a small store with the following transactions. Post the business's transactions by entering either positive or negative value in the appropriate yellow cells. Cost of Revenues Operating Expenses Operating Income Interest Income (Exp.) Pretax Income Revenues Taxes Net Income $ $ $ $ $ Transactions Ship and invoice $440 of goods that cost $215 Depreciate office equipment $50 Receive payment for last month's shipment of $150 Receive goods costing $100 and put in inventory Pay sales commission of $10 Receive $2 of interest on cash balances Pay sales manager $10 Receive customer returns priced at $25 that had cost $15 Scrap $5 of goods destroyed in shipment to customer Pay accountant $50 for audit Pay rebate of $2 on sales Purchase a machine for $500 Pay supplier $120 for goods received last month Pay $10 interest on debt Totals $ $ $ $ $ $ $ $ - $ $ $ $ $
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