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preparing an income statement, the following information is obtained from the work...

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john18 | Honors

Posted September 21, 2013 at 7:42 PM via web

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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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