Akunting.xlsx - Fat Company Income Statement For the...

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Fat Company Income Statement For the Year-end, July 31, 2017 Revenues : Revenue 331,400 331,400 Expenses : Salary and Wages Expense (53,040) Utilities Expense (1,320) Depreciation Expense (8,000) Interest Expense (2,400) Advrtasing Expense (1,560) (66,320) Net Income (Loss) 265,080
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Fat Company Retained Earnings Statement July 31, 2017 Retained Earning, Aug 1, 2016 30,000 Add: Net Income (Loss) (4,200) Total 25,800 Less: Dividen (4,000) (4,000) Retained Earning, July 31, 2017 21,800
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Fat Company Statement Of Financial Position July 31, 2017 ASSET Non-Current Assets Equipment 40,000 Land 137,000 Building 80,000 Accum. Depreciation (8,000) Accum. Depreciation-Eq. (10,000)
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