A company had the following transactions during the finst month of the year. Frepare an income slale ment for the month ended January 31st. A. Paid 20,000 in salaries and wages incurred during the month B. Sold 170,000 of goods that cost 68.000 C. Paid 10.500 for rent for this month and the next two months D. Recorded depreciation expense of 2.000 for this month E. Received a bill for ulilifies for this month for 4.000 F. Paid the utility bill for last month for 3.000 G. The company's tax rate is 30%

A company had the following transactions during the finst month of the year. Frepare an income slale ment for the month ended January 31st. A. Paid 20,000 in salaries and wages incurred during the month B. Sold 170,000 of goods that cost 68.000 C. Paid 10.500 for rent for this month and the next two months D. Recorded depreciation expense of 2.000 for this month E. Received a bill for ulilifies for this month for 4.000 F. Paid the utility bill for last month for 3.000 G. The company's tax rate is 30%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 295.
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