FinAcc1-6

FinAcc1-6 - Naturalmethod KarlaCompany IncomeStatement

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Natural method Karla Company Income Statement Year ended December 31, 2008           Note Net sales revenue    (1)      7,700,000 Other income    (2)         400,000 Total      8,100,000 Expenses:     Increase in inventory    (3)       (   500,000)     Net purchases    (4)         5,500,000     Freight out            175,000     Salesmen’s commission            650,000     Depreciation    (5)            425,000     Officers’ salaries            500,000     Other expenses    (6)            100,000     6,850,000 Income before tax     1,250,000 Income tax    (  250,000) Net income      1,000,000     16 Note 1 – Net sales revenue Gross sales         7,850,000 Sales returns and allowances        (  140,000) Sales discounts        (    10,000) Net sales revenue         7,700,000 Note 2 – Other income Rental income            250,000
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This note was uploaded on 08/04/2011 for the course COMM 101 taught by Professor Sy during the Spring '11 term at USC.

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FinAcc1-6 - Naturalmethod KarlaCompany IncomeStatement

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