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preparing an income statement, the following information is obtained from the work...
preparing an income statement, the following information is obtained from the work sheet of len's laundry for the month ended august 31 of the current year. account title- sales- income statement- credit-6,233.00 and advertising expense-debit-800.00, insurance expense-debit-200.00,miscellaneous expense-debit-315.00, supplies expense-debit- 450.00, utilities expense-debit-1,495.00, debit column totals-326,000, credit column totals-6,233.00, balance sheet- debit-10,436.00 and credit-7,463.00, net income-2,973.00, income statement debit totals-6,233.00 and credit on income sheet totals-6,233.00, and balance sheet debit totals-10,463.00, and net income on balance sheet totals-297,300, total for credit on balance sheet is 10,463.00. calculate and record the component percentages for total expenses and net income. round percentage calculations to the nearest 0.1%.
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