The Laser world income Statement for 2021 is as follows:
Sales revenue $198,000
Cost o...
Business, 03.06.2020 02:57, theoriginalstal9245
The Laser world income Statement for 2021 is as follows:
Sales revenue $198,000
Cost of sales 108,900
Gross profit 89,100
Operating expenses 69,000
Net income $20,100
Other Facts:
Included in operating expenses:
Depreciation Expense 7500
Vehicle expense 2800
Interest Expense 15600
Gain on Sale of Asset 5000
Pension Contribution 7500
Other:
Dividends 13800
Cash Rec'd From Sale of Assets 35000
Basis of Assets Sold 30000
Required:
1. Jornalize the above transactions.
Answers: 1
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