HAPPY CAMPER PARK INC - 48,450 Net income $26,550 The total...

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SARA ACEVEDO HAPPY CAMPER PARK INC. Income Statement For the Quarter Ended March 31, 2011 Revenues Rental revenue $75,000 Expenses Wages expense $30,400 Advertising expense 5,310 Supplies expense 4,500 Repairs expense 4,260 Insurance expense 1,800 Utilities expense 1,080 Depreciation expense 800 Interest expense 300 Total expenses
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Unformatted text preview: 48,450 Net income $26,550 The total expenses 48450 – The Total expenses before 40700 Difference in Expenses 7750 The overstatement of revenues 15,000+ The Expenses 7750 The Net Income Final $ 22750 The Net Income before 49300 -The Net Income 26550 The Net Income Final $ 22750...
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This note was uploaded on 03/08/2011 for the course FIN 201 taught by Professor Fortini during the Spring '11 term at Camden County.

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