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    deborah45's Avatar
    deborah45 Posts: 6, Reputation: 1
    New Member
     
    #1

    Nov 1, 2009, 06:22 PM
    Income statement preparation
    I have attempted several times to come up with the final answer of $40,500, with no luck I keep coming up with $50, 400

    Assets
    Cash $38,700
    Land $66,600
    Total Assets $105,300
    Dividends -7200
    Interest Expense -3600
    Miscellaneous Expense -4500
    Notes Payable -54000
    Rent Expense -10800
    Retained Earnings $-
    Salaries Expense -16300
    Sales Commissions -89100
    Utilities Expense -13500
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    Nov 2, 2009, 12:07 AM

    All these posts on the same thing are getting confusing. If you have something to add to the same problem, then add it on the same thread. New problems go on new threads. Let's keep this over here:
    https://www.askmehelpdesk.com/financ...-a-411790.html

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