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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 $4,600 2,600 4,050 19,000 560 3,100 5,600 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 Sales Cost of services sold Total costs of services sold Marketing and administrative costs Total marketing and administrative costs
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