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    Yasin Lesson 7 Assignment 1

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    Compu-Parts-Inc's income statement for December 31, 2018 shows total revenue of $116,765 from fees and commissions earned. Total operating expenses for the period were $55,460, including expenses for car, general, postage, rental, and wages. This resulted in net income of $61,305 for the company.

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    Yasin Lesson 7 Assignment 1

    Uploaded by

    yasinsucks2
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    Compu-Parts-Inc's income statement for December 31, 2018 shows total revenue of $116,765 from fees and commissions earned. Total operating expenses for the period were $55,460, including expenses for car, general, postage, rental, and wages. This resulted in net income of $61,305 for the company.

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    Compu-Parts-Inc's income statement for December 31, 2018 shows total revenue of $116,765 from fees and commissions earned. Total operating expenses for the period were $55,460, including expenses for car, general, postage, rental, and wages. This resulted in net income of $61,305 for the company.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    4 views1 page

    Yasin Lesson 7 Assignment 1

    Uploaded by

    yasinsucks2
    Compu-Parts-Inc's income statement for December 31, 2018 shows total revenue of $116,765 from fees and commissions earned. Total operating expenses for the period were $55,460, including expenses for car, general, postage, rental, and wages. This resulted in net income of $61,305 for the company.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 1

    Compu-Parts-Inc

    Income Statement

    December 31, 2018.


    Revenue
    Fees Earned $ 74,175.00
    Commision Earned 42,590.00
    Total Revenue 116,765.00

    Operating Expenses
    Car Expense 13,600.00
    General Expense 3,985.00
    Postage Expense 415.00
    Rental Expense 7,640.00
    Wages Expense 29,820.00
    Total Expenses 55,460.00

    Net Income $ 61,305.00

    Task 3. Explain, with the net income / loss obtained how this figure
    would affect the capital account of the company.

    Answer:

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