I need help with my accounting homework

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Nov 5th, 2015

Thank you for the opportunity to help you with your question!

Multistep Income Statement 

Sales - 510,000

   Cost of Goods sold - 310,000

      Gross Profit - 200,000


Operating Expenses - 96,000

Administrative Expenses 

   office supplies - 1800

   office equipment - 97,5000


non-operating other expenses - 

   salary - 72,000

   uncollectable accounts - 7,150

   rent - 1400

   interest - 8600


Net Income = 540,550

Please let me know if you need any clarification. I'm always happy to answer your questions. Message me for the second thing because not enough time
Nov 5th, 2015

thank you so much for help with the part of the question, I understand that part its just the balance sheet part I am also having trouble as well

Nov 5th, 2015

thank you so much for help with the part of the question, I understand that part its just the balance sheet part I am also having trouble as well

Nov 5th, 2015

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