office supplies expense income statement

March 4th, 2010 | General

office supplies expense income statement
How do I set up an Income Statement?

Using the following information:

Payments of Cash:
-Acquisitions of equipment….#36,000
-Dividends….2000
Utilities Expense….200
Adjustments to reconcile
net income to cash provided
by operations….2000
Salary Expense….4000
Cash balance…..8100
Cash receipts:
-Issuance (sale) of stock
to owners…..35,000
Rent expense….700
Common stock….35,000
Equipment…..36,000
Office Supplies….1200
Accounts payable…..3200
Service revenue…..14,000

Revenue
Service 14,000

Expenses
Utilities 200
Salaries 4000
Rent 700
Office Supplies 1200

Total Exp 6100

PreTax Inc 7900

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