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    jolinemars Posts: 1, Reputation: 1
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    Nov 14, 2011, 06:59 PM
    Accounting
    Balances, May 1 $14,000 2,000 4,800 32,800 6,000 47,600 - -
    Paid for utilities (880) 880
    New balances 13,120 2,000 4,800 32,800 6,000 47,600 0 880
    Sold services for cash 4,880 4,880
    New balances 18,000 2,000 4,800 32,800 6,000 47,600 4,880 880
    Paid a creditor (1,600) (1,600)
    New balances 16,400 2,000 4,800 32,800 4,400 47,600 4,880 880
    Sold services on credit 2,400 2,400
    New balances 16,400 4,400 4,800 32,800 4,400 47,600 7,280 880
    Paid salaries (8,400) 8,400
    New balances 8,000 4,400 4,800 32,800 4,400 47,600 7,280 9,280
    Paid telephone bill (304) 304
    New balances 7,696 4,400 4,800 32,800 4,400 47,600 7,280 9,584
    Withdrew cash for personal
    Expenses (2,000) (2,000)
    New balances 5,696 4,400 4,800 32,800 4,400 45,600 7,280 9,584



    I am doing an income statement if my revenues fees and income total 958,400 and my expenses total 9584 what is my net loss?

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