Find books, solutions, t During January 2015, the first month of operations, a c

Question

Find books, solutions, t During January 2015, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $36,000 cash. 2. Purchased $9,000 of equipment, paying $1,800 cash and signing a promissory note for $7,200. 3. Received $16,200 in cash for consulting services performed in January. 4. Purchased $2,700 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $28,800. 6. Paid $1,350 on account. 7. Paid $5,400 to employees for work performed during January. 8. Received a bill for utilities for January of $6,100; the bill remains unpaid.. utors and more... What is subtotal of expenses that will be reported on the income statement for the month ended January 31? $14,200. $8,100. $14,650. $6,750

Explanation / Answer

All Amounts in $ Expenses which will be reported on the Income Statement Supplies Purchased 2700 Employee Reimbursement 5400 Utilities Bill 6100 Total Expenses 14200

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