Account Week 4 - Sheet1 Johnson's Web Services Inc Income...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sheet1 Page 1 Johnson's Web Services, Inc. Income Statement For the Year Ended December 31, 2007 Revenue: Service revenue earned. ................................. 137700 Expenses: Insurance expense. ....................................... $ 2,160 Office rent expense. ...................................... 32,400 Supplies expense. ........................................ 4,320 Salary expense. ........................................... 64,800 Depreciation expense: equipment. .................. 9,180 Repair and maintenance expense. .................. 1,215 Internet expense. .......................................... 2,565 Miscellaneous expense. ................................ 675 Interest expense. .......................................... 4,050 121,365 Income before income taxes. ......................... $ 16,335 Income tax expense. ..................................... 3,780 Net income. .............................................. $ 12,555 Johnson's Web Services, Inc. Statement of Retained Earnings
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Account Week 4 - Sheet1 Johnson's Web Services Inc Income...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online