BCOR1010-AccountingPresentation

30000 insurance expenses 5000 supply expenses

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Unformatted text preview: eral & Administrative Expenses ∗ Manager wages? ∗ $30,000 ∗ Insurance expenses ∗ $5,000 ∗ Supply expenses ∗ $1,000 ∗ Telephone expenses ∗ Miscellaneous ∗ Legal/account/permit ∗ Total Expenses ∗ $720 ∗ $4,000 ∗ $2,500 ∗ $49,220 Income Sheet Totals ∗ Total revenue ∗ $500,000 ∗ Total cost of goods sold ∗ $525,500 ∗ Total expenses ∗ $49,220 ∗ Earnings before interest and taxes ∗ ($24,720) ∗ Interest ∗ Taxes ∗ Net income ∗ $5,000 ∗ $600 ∗ ($30,320) Assets ∗ Current assets: ∗ Cash ∗ Accounts receivable ∗ Inventory ∗ Fixed assets ∗ Van? ∗ Solar Panels ∗ Equipment ∗ $50,000 ∗ $75,000 ∗ $30,000 ∗ $30,000 ∗ $1000 ∗ $2,000 ∗ $2,000 Liabilities ∗ Current Liabilities ∗ Accounts payable to suppliers ∗ $50...
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This document was uploaded on 02/18/2014 for the course BCOR 1010 at Colorado.

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