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ABCD
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InstructionsDr. F. Hayden
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We'll use the following to make the Income Statement for September 2020.Income Statement
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For the Month Ending September 30, 2020
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All values are in Canadian dollars.
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Revenues
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Automobile Expense150.00Sales Revenue30,000.00
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Gasoline for month300.00Interest Revenue90.00
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Hydro bill290.00Total Revenue30,090.00
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Wages owing to employees12,000.00
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New office furniture8,000.00Expenses
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Sales to customers30,000.00Automobile Expense150.00
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Office computer repair300.00Bank Fees Expense110.00
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Phone bill650.00Gasoline Expense300.00
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Bank interest earned90.00Hydro Expense290.00
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Bank fees paid110.00Phone Expense650.00
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Wages paid to employees7,000.00Repairs Expense300.00
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Wages Expense19,000.00
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Total Expenses20,800.00
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Net Income9,290.00
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