acct 3 - BakersfieldWholesaleCompany IncomeStatement

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Bakersfield Wholesale Company              Income Statement                 For the month ended January 31, 2010 Revenue Sale revenue $45,000  Rent revenue 350 Interest revenue 50 Total revenue 45,400 Expenses Cost of goods 24,750 Salaries expense 7,200 Utilities 2,000 Supplies 1,300 Rent 2,750 Bad debt 880 Interest expense 263 Depreciation $300  Income tax expense 1,420 40,863 Net income $4,537  Earnings per share $0.63 
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Bakersfield Wholesale Company                   Balance Sheet           As of January 31, 2010     Asset Current Assets Cash $31,600  Account receivable $22,000  less: Allowance for uncollectible accounts -880 21,120 Note receivable 12,000 Interest receivable 50 Supplies 1,200 Prepaid rent $2,750  Inentory 15,250 Property, Plant, and Equipment Equipment $20,000  Less: Accumulated depreciation 300 19,700 Total assets $91,620  Liabilities and Shareholders' Equity Current Liabilities
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This note was uploaded on 11/20/2010 for the course BSAD 58078 taught by Professor Curry during the Spring '10 term at Bakersfield College.

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acct 3 - BakersfieldWholesaleCompany IncomeStatement

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