The following balances are related to XYX LLC . Bank Balance 16,000 Purchases 195000 Return Inwards 4,000 Direct Wages 18000 Sales 425,000Carriage Inwards 35000 Rent Received 20,100 Return Outwards 16000 Interest Revenue Office Rent 15,600 office Expense 19,500 15,000 office Equipment Maintenance 6000
The following balances are related to XYX LLC . Bank Balance 16,000 Purchases 195000 Return Inwards 4,000 Direct Wages 18000 Sales 425,000Carriage Inwards 35000 Rent Received 20,100 Return Outwards 16000 Interest Revenue Office Rent 15,600 office Expense 19,500 15,000 office Equipment Maintenance 6000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
What is the total income ?
![The following balances are related to XYX LLC.
Bank Balance
16,000 Purchases
195000
Return Inwards
4,000 Direct Wages
18000
Sales
425,000 Carriage Inwards
35000
Rent Received
20,100 Return Outwards
16000
Interest Revenue
15,600 office Expense
19,500
Office Rent
15,000 office Equipment
Maintenance
6000
Salesman Salary
4,200 Sales Promotion
Expense
4500
Internet Charges
800
Advertising Expense
18000
Opening Stock
Office Insurance Expense6,500
85000
Dividend Income
18200
Commission Income
20400
Closing Stock
55,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F170cb1c0-58f4-4062-bdc2-7d0c33c3e95b%2F02d7c34a-cafb-4af7-9752-83a884f47776%2Fx7pl8ao_processed.png&w=3840&q=75)
Transcribed Image Text:The following balances are related to XYX LLC.
Bank Balance
16,000 Purchases
195000
Return Inwards
4,000 Direct Wages
18000
Sales
425,000 Carriage Inwards
35000
Rent Received
20,100 Return Outwards
16000
Interest Revenue
15,600 office Expense
19,500
Office Rent
15,000 office Equipment
Maintenance
6000
Salesman Salary
4,200 Sales Promotion
Expense
4500
Internet Charges
800
Advertising Expense
18000
Opening Stock
Office Insurance Expense6,500
85000
Dividend Income
18200
Commission Income
20400
Closing Stock
55,000
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