02-17Ex_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Exercise 2-17 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. 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: Expenses: Total expenses Instructions
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Exercise 2-17 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds.
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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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02-17Ex_5e_s - Cells with non-gray backgrounds are...

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