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Unformatted text preview: 575,400 Operating Expenses Selling Expenses Sales Salaries Expense 120,000 Sales Commission Expense 21,000 Delivery Expense 15,000 Store Rent Expense 12,000 Depredation Expense-Store Equipment 9,000 Total Selling Expenses 177,000 General and Administrative Expenses Office Salaries Expense 140,000 Insurance Expense 6,000 Depredation Expense-Office Equipment 5,000 Office Rent Expense 1,200 Office Supplies Expense 700 Total General and Administrative Expenses 152,900 Total Operating Expenses 329,900 Operating Income 245,500 Other Income/(Expense), Net Interest Income 7,500 Gain on Sate of Equipment 1,500 Interest Expense (18,000) Other Income/(Expense), Net (9,000) Net Income $236,500...
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10
- Income Statement