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Unformatted text preview: Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. POLARIS REALTY, INC. Income Statement For the Month Ended November 30, 2011 Revenues: Sales commissions $120,000 Expenses: Salaries expense $65,000 Utilities expense 15,000 Rent expense 5,000 Interest expense 2,000 Miscellaneous expense 3,000 Total expenses 90,000 Net income $30,000 Instructions...
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- Winter '08