Prepare an Income Statement from the following information for Get Well Partners
ID: 2422771 • Letter: P
Question
Prepare an Income Statement from the following information for Get Well Partners for the year ended December 31, 2014. Salaries expense $ 35,000 Administrative expense $ 12,000 Interest expense $ 5,200 Patient service revenue $ 112,000 Income tax expense $ 17,000 Rent expense $ 23,000 Other Revenue $ 9,000 Bad debt expense $ 10,080 Prepare an Income Statement from the following information for Get Well Partners for the year ended December 31, 2014. Salaries expense $ 35,000 Administrative expense $ 12,000 Interest expense $ 5,200 Patient service revenue $ 112,000 Income tax expense $ 17,000 Rent expense $ 23,000 Other Revenue $ 9,000 Bad debt expense $ 10,080Explanation / Answer
Income Statement of Get Well Partners
for the year ended December 31, 2014
Particulars Amount Particulars Amount Salaries expense $35,000 Patient service revenue $112,000 Administrative expense 12,000 Other Revenue 9,000 Interest expense 5,200 Rent expense 23,000 Bad debt expense 10,080 Income tax expense 17,000 Net income c/d $18,000 Total $121,000 Total $121,000