Hello, I need some assistance with the question below. Create a Profit and Loss Statement (Income Statement) following t
Posted: Mon May 30, 2022 8:14 am
Hello,
I need some assistance with the question below.
Create a Profit and Loss Statement (Income
Statement) following the income statement format, using the items
given below.
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
Also can the references or sources be included?
Thanks,
GB
I need some assistance with the question below.
Create a Profit and Loss Statement (Income
Statement) following the income statement format, using the items
given below.
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
Also can the references or sources be included?
Thanks,
GB