Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley

Exercise 9

Use Worksheet 2.2. Ross and Cindy Adams are about to construct their income and expense statement for the year ending December 31, 2015. They have put together the following income and expense information for 2015:


Using the information provided, prepare an income and expense statement for the Adamses for the year ending December 31, 2015 (follow the form shown in Worksheet 2.2).