Hello, I need some assistance with the question below. Use the following information to create the income statement (Pro

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answerhappygod
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Hello, I need some assistance with the question below. Use the following information to create the income statement (Pro

Post by answerhappygod »

Hello,
I need some assistance with the question below.
Use the following information to create the income
statement (Profit and Loss Statement):
Cost of goods
sold
75,000
Sales
100,000
Commissions
expense
5,000
Advertising
expense
2,000
Interest
expense
500
Interest
Revenues
5,000
Office Supplies
expense 3,500
Gain on sale of
assets
3,000
Office equipment expense 2,500
Loss from
lawsuit
1,500
Can you also confirm any references used?
Thanks,
GB
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