Please, prepare 1 step income statement from the following information for year 2015 and below...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please, prepare 1 step income statement from the following information for year 2015 and below write that is TOTAL EXPENSES and LOSSES of the company.
Sales 600 000
Depreciation 3300
Bad Debt Provision ?
Interest revenue 1200
Interest expense 800
Salaries ?
General and administrative Expense ?
Rent ?
Cost of goods sold 15 000
Utilities 700
Gains ?
Company has issued invoices for a total of 125 000 euro to its customers in a given month, and has a historical experience of 9% bad debts on its billings
Company sells one of its sewing machine for 3 000 euro. Over the years, the cost of the machinery was being depreciated on the company's accounting records (2350) euro.
Company in 2014 has totally 75 000 euro expense for salaries, in 2015 salaries decreased 2 %. What are salaries expense are in 2015?
Company in 2014 has totally 1500 euro general and administrative expense, in 2015 these expense increased 20 %. Company in 2014 paid 3000 euro for rent in 2015 rent cost increased 15%.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.