[Chitowndym]

Prepare an income statement

[mona101]

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

Revenue
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]

Below is a list of accounts for Currie Hospital for December 2008 (annual amounts). Prepare a statement of operations for 2008 in good form.

Account
Amount
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