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Unformatted text preview: consumers. 2.Budget Officers-The officers use reports about how the organization distributes its budget to various branches in the organization or figure out the present financial condition. 3.Sales stuffs-The stuffs use accounting information to know which items are popular or not, and determine the price and the place of those items. EX1-1 EX1-13 Income Statement Revenues Consulting fees earned $14,000 Total Revenue $1,4000 Expenses Rent Expense $2,520 Salaries Expense $5,600 Telephone Expense $760 Miscellaneous Expense $580 Total Expense $9,460 Net Income $4,540 Ex1-15 Balance Sheet Assets Liabilities Cash $11,500 Account Payable $25,037 Supplies $24,437 Total Liabilities $25,037 Land $46,000 Equipment $18,000 Equity Account Keisha King Capital $86,900 receivable $12,000 (84,360+4,540-2,000) Total Asset $111,937 Total liabilities and equity $111,937...
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- Spring '08