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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
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 $ 5,000 3,000 4,250 21,000 600 3,500 6,000 Required: Prepare an income statement for March for Where2 Services. (Loss amount should be indicated with a minus sign.) Cost of services sold WHERE2 SERVICES Income Statement For the Month Ending March 31 Total costs of services sold Marketing and administrative costs 0
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