Solution-Create a profit and loss statement

Create a profit and loss statement

Reference no: EM133178022

Question - Create a Profit and Loss Statement (Income Statement) following the income statement format, using the items given below.

Cost of goods sold 75,000

Sales 100,000

Commissions expense 5,000

Advertising expense 2,000

Interest expense 500

Interest Revenues 5,000

Office Supplies expense 3,500

Gain on sale of assets 3,000

Office equipment expense 2,500

Loss from lawsuit 1,500

Reference no: EM133178022

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Create a profit and loss statement

Reference no: EM133178022

Reference no: EM133178022

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