Complete the income statement.
-Central Data Inc. had gross sales of $212,000 with returns of $5,100. The inventory on January 1 was $56,000. During the year $101,000 worth of goods was purchased with freight of $1,700. The inventory on December 31 was $53,000. Wages and salaries were $54,400, rent was $13,600, advertising was $2,200, utilities were $2,700, business taxes totaled $5,600, and miscellaneous expenses were $3,800.
A)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$18,900
B)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$29,100
C)1)$212,000, 2)$5,100, 3)$217,100, 4)$105,700, 5)$111,400, 6)$82,300, 7)$29,100
D)1)$212,000, 2)$5,100, 3)$206,900, 4)$102,300, 5)$104,600, 6)$82,300, 7)$18,900

Question

Complete the income statement.
-Central Data Inc. had gross sales of $212,000 with returns of $5,100. The inventory on January 1 was $56,000. During the year $101,000 worth of goods was purchased with freight of $1,700. The inventory on December 31 was $53,000. Wages and salaries were $54,400, rent was $13,600, advertising was $2,200, utilities were $2,700, business taxes totaled $5,600, and miscellaneous expenses were $3,800. 
A)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$18,900 
B)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$29,100 
C)1)$212,000, 2)$5,100, 3)$217,100, 4)$105,700, 5)$111,400, 6)$82,300, 7)$29,100 
D)1)$212,000, 2)$5,100, 3)$206,900, 4)$102,300, 5)$104,600, 6)$82,300, 7)$18,900

Quizplus · Accepted Answer

The Answer of Complete the income statement.
-Central Data Inc. had gross sales of $212,000 with returns of $5,100. The inventory on January 1 was $56,000. During the year $101,000 worth of goods was purchased with freight of $1,700. The inventory on December 31 was $53,000. Wages and salaries were $54,400, rent was $13,600, advertising was $2,200, utilities were $2,700, business taxes totaled $5,600, and miscellaneous expenses were $3,800. 
A)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$18,900 
B)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$29,100 
C)1)$212,000, 2)$5,100, 3)$217,100, 4)$105,700, 5)$111,400, 6)$82,300, 7)$29,100 
D)1)$212,000, 2)$5,100, 3)$206,900, 4)$102,300, 5)$104,600, 6)$82,300, 7)$18,900

Complete the Income Statement