Chapter 1 B Problem Solutions

Chapter 1 B Problem Solutions - Prob. 13B 1. FAIR PLAY...

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Prob. 1–3B 1. FAIR PLAY FINANCIAL SERVICES Income Statement For the Month Ended January 31, 2010 Fees earned. .................................................................................. $39,500 Expenses: ........................................................................... Salaries expense $ 16,000 ................................................................................ Rent expense 7,500 ................................................................................. Auto expense 4,500 .......................................................................... Supplies expense 1,500 ................................................................. Miscellaneous expense 1,200 ....................................................................................................... Total expenses ....................................................................................................... 30,700 Net income. ................................................................................... $ 8,800
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Chapter 1 B Problem Solutions - Prob. 13B 1. FAIR PLAY...

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