60.1K
Verified Solution
Link Copied!
Provided information jan 2020 (need help with inserting 2020 numbers)
Issued stock for cash 2000
Cash loan 5yr 8%int 5000
Car lease pymt -500
Paid dividend shareholder -50
Monthly loan pymt -101
Delivery bags -200
Flyer cost -103
Logo design -400
Advertising -1442
Monthly app service -300
Fundraiser donation -50
Customer late meal -40
Car wash -45
Gas for car -946
Car oil -75
Earned delivery fee 4960
| | | | | | 2021 | 2020 |
Service Revenue | | | | | $ 15,458.00 | $ - |
| | | | | | | |
Operating Expenses: | | | | | |
Advertising Expense | | | | $ 1,600 | $ - |
Automobile Expense | | | | $ 2,040 | $ - |
Depreciation Expense | | | | $ 2,800 | $ - |
Interest Expense | | | | | $ - | $ - |
Lease Expense - Office | | | | $ 3,500 | $ - |
MIscellaneous Expense | | | | $ - | $ - |
Salaries and Benefits Expense | | | $ 550 | $ - |
| | | | | | | |
Total Operating Expenses | | | | $ 10,490.00 | $ - |
| | | | | | | |
| | | | | | | |
Net Income | | | | | $ 4,968.00 | $ - |
Answer & Explanation
Solved by verified expert