J51 C D Income Statement 2 mpany A 3 Quarter 2019 4 ancial Statements in U.S. Dollars 5 venue 6 Sale
J51 C D Income Statement 2 mpany A 3 Quarter 2019 4 ancial Statements in U.S. Dollars 5 venue 6 Sales 7 8 10 st of Goods Sold 11 Add Purchases 12 Freight-in Direct Labor 13 14 Indirect Expenses 15 Cost of Goods Sold Income Statement Select destination and press ENTER or choose Paste O Type here to search DELL X AutoSave on Mgmt 110 Inceme statement Exercise no ansners Compatibilty Mode Excel Bryan Fle Home Insert Draw Page Layeut Formulas Data Review View Add-ins Help Team p Search X Share Arial A A 12 Whap Test Number Paste o-A- BIU- E E Mege & Center $-%, Conditional Format as Cell Insert Delete Format Sot & Find& Faer- Select deas Formatting able- Seyls Cipboard Font Aignment Number Styles Ce tang deas J51 fe Company A Company A sells brown and white widgets to retailer who then sell them in the consumer market Fill in the Income statement to the left using the following information about the Company:( Note only use relevant information) -During the 1st quarter of 2019 the Company sold $110,000 worth of widgets During the seond half of 2019 the Company sold $105,000 worth of Widgets -The Company also sells a Widget polishing service for its products. This service brought in $70,000 in revenue in the 1st quarter of 2019.. – The Company paid $2000 for advertising during the first quarter, and $4000 during the second quarter. – In the 1st quarter the company incurred $65, 000 in expenses to sell its' widgets. ($25,000 to purchase supplies, $20,000 in shipping and $20,000 in shipping labor costs – The company's payroll was $55,000 during the 1st quarter -The company's utilities costs $1200 per month -It also incurred $17,460 in miscellaneous expenses – During the 1st quarter the Company contributed $20,000 to employee insurance premiums. 2 5 7 8 9 10 11 12 13 14 15 Income Statement 955 AM 1025001 Select destination and pess ENTER or choose Paste Type here to search DELL O Data Review TUSS View Add-ins Help Team p Search Arial A A 12 Wap Text Number I- Paste BIU A- E Merge & Center $ 9% Conditional Format as Cell Formatting Table Styles Cipboard Font Allignment Number Styles J51 4A B 12 C D E F H Freight-in Direct Labor Indirect Expenses -It als – Durin 13 14 15 Cost of Goods Sold 16 Gross Profit (Loss) 17 18 19 Expenses 20 Advertising Compan Fill in the – During During – The Co – The Com – In the 1s and $20 21 Amortization 22 Bad Debts Bank Charges 23 24 Charitable Contributions 25 Commissions Contract Labor 26 27 Depreciation Dues and Subscriptions 28 The com 20 Emninuaa Ranafit Drnnrame The com Income Statement Select destination and press ENTER or choose Paste P Type here to search DELL AuteSave Mamt 110 income statement Esercise no anpers – Compatiblity Mode Excel Bryan E Fle Home Inert Draw Page Layout Formulas Data Add-ins Review View Help p Search Team Share X Arial -12-A A Wap Text Number Σ h- Pate A- E 8IU- Mge&Cente Canditional Format Cell fomating Table- Styles S-% 4 nsent Delete farmat Sert & Find r Select idea Chpboard Font Aignment Number Styles Cet tang deal 151 L 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Company A sells brown and white widgets to retailer who then sell them in the consumer market Fill in the Income statement to the left using the following information about the Company(Note only use relevant information) – During the 1st quarter of 2019 the Company sold $110,000 worth of widgets During the seond half of 2019 the Company sold $105,000 worth of Widgets The Company also sells a Widget polishing service for its products. This service brought in $70,000 in revenue in the 1st quarter of 2019 The Company paid $2000 for advertising during the first quarter, and $4000 during the second quarter – In the 1st quarter the company incurred $65, 000 in expenses to sell its' widgets. ($25,000 to purchase supplies. $20.000 in shipping and $20,000 in shipping labor costs The company's payroll was $55,000 during the 1st quarter The company's utilities costs $1200 per month It also incurred $17,460 in miscellaneous expenses During the 1st quarter the Company contributed $20,000 to employee insurance premiums 31 32 33 34 Income Statement Seled denation and pres ERhe 956 AM w/01 Type here to search DELL A B D 28 Dues and Subscriptions Employee Benefit Programs 29 30 Insurance 31 Interest 32 Legal and Professional Fees 33 Licenses and Fees 34 Miscellaneous 35 Office Expense Payroll Taxes Postage Rent 36 37 38 39 Repairs and Maintenance 40 Supplies Telephone 41 42 Travel 43 Utilities Vehicle Expenses 44 45 Wages Income Statement E A B C D G Payroll Taxes Postage 36 37 38 Rent Repairs and Maintenance Supplies Telephone 39 40 41 42 Travel 43 Utilities Vehicle Expenses 44 45 Wages Total Expenses 46 47 48 Net Operating Income 49 50 51
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