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Unformatted text preview: Contributed Capital 750,000 Retained Earnings 115,767 Total O.E. 865,767 Total Liabilities & Owners' Equity 911,100 Kirra's Surfboards Income Statement Sales Revenue 200,000 (Cost of Goods Sold) (60,000) Gross Pofit 140,000 Operating Expenses Salaries Exp (5,000) Rent Exp (15,000) Supplies Exp (900) Depreciation Exp (3,000) Opertaing Income 116,100 Other Items Interest Exp (333) Net Income 115,767...
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This note was uploaded on 09/09/2011 for the course ACCT 100 taught by Professor Ftom during the Spring '08 term at S.F. State.
- Spring '08
- Financial Accounting