Course Hero Logo

Assignment Income statement .xlsx - Tagalog Jiren Ivy A....

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 out of 1 page.

Tagalog, Jiren Ivy A.Trading firmIncome StatementFor the Year ended March 18, 2021REVENUESalesP157,500Less: Cost of Sales30,700Gross Profit126,800(Sales less Cost of Sales)Add: Operating RevenueCommission Income990Interest Income500TOTAL REVENUE128,290( Gross Profit add Operating Rev )Less: Operating ExpensesTaxes and License1,500StoneSupplies Expense1,180
End of preview. Want to read the entire page?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
Maxine
Tags
Revenue, Expense, LESS COST OF SALES

Unformatted text preview: Office Supplies Expense 730 Miscellaneous Expense 2,090 Communication Expense 400 Heat, light and water Epense 1,200 Delivery Expense 750 Salary Expense 2,700 Total Operating Expenses 11,170 Total Operating Revenue 117,470 (Total Revenue less Operating Expenses) Other Expenses: Interest Expense 850 Net Profit/Income. P 116,620...
View Full Document

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture