Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has
Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected the following information for year just ended: Employee training Marketing Rent and facilities costs Revenue (client fees) Supplies Travel Wages and salaries Required: $ 8,300 70,000 28,000 264,000 51,000 39,700 81,000 Prepare an income statement for the year just ended for Tuscola Counseling Services. Note: Loss amount should be indicated with a minus sign. Sales revenue Cost of services sold Employee training Marketing TUSCOLA COUNSELING SERVICES Rent and facilities costs Income Statement For the Year Just Ended Total costs of services sold Marketing and administrative costs
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