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Where2 Services is a small service firm that advises high school students on college opportunities. Joseph Kapp, the founder and president, has collected the following
Where2 Services is a small service firm that advises high school students on college opportunities. Joseph Kapp, the founder and president, has collected the following information for March: $ Advertising costs Building rent and utilities Printing, fax, and computing costs Sales Training costs Travel expenses Wages for part-time employees 5,500 3,500 4,500 23,500 650 4,000 6,500 Required: Prepare an income statement for March for Where2 Services. (Loss amount should be indicated with a minus sign.) WHERE2 SERVICES Income Statement For the Month Ending March 31 Cost of services sold Total costs of services sold Marketing and administrative costs Total marketing and administrative costs
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