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    Chitowndym's Avatar
    Chitowndym Posts: 8, Reputation: 1
    New Member

    Jan 8, 2008, 02:30 PM
    Prepare an income statement
    Prepare an income statement
    mona101's Avatar
    mona101 Posts: 2, Reputation: 1
    New Member

    Jan 8, 2008, 04:16 PM
    You prepare an income statement by having your revenue(sales) and your expenses SHOULD BE ALPHABETICALLY LISTED( rent, wages,utilities, etc)

    Example of an Income Statement

    Sales $120 000

    Operation Expenses
    Advertising Expenses $1200
    Bank Charges $65
    Telephone Expense $150
    Utlities Expense $750
    Wages Expense $24 000
    Total Expenses $26 165.00

    Net Income(Loss) $93 835
    playboy27's Avatar
    playboy27 Posts: 1, Reputation: 1
    New Member

    Mar 7, 2011, 06:56 PM
    Below is a list of accounts for Currie Hospital for December 2008 (annual amounts). Prepare a statement of operations for 2008 in good form.

    Administrative expenses $80,000
    Net assets released from temporarily-restricted accounts for operations 120,000
    Labor expenses 260,000
    Interest expenses 12,000
    Net patient service revenue 840,000
    Supply expenses 88,000
    Transfers to parent corporation 10,000
    Bad debt expenses 40,000
    Depreciation expenses 50,000

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