HVAC Service The following transactions occurred during November:

-Refer to HVAC Service.Based on these transactions,what is the total amount of expense that should be reported on the company's income statement for the month?

Question

HVAC Service The following transactions occurred during November:

-Refer to HVAC Service.Based on these transactions,what is the total amount of expense that should be reported on the company's income statement for the month?

Quizplus · Accepted Answer

The total amount of expenses for the month is calculated by adding up all the expenses, which are as follows: 
- Supplies expense: $150 
- Rent expense: $2,000 
- Salaries and wages expense: $500 
- Insurance expense: $200

Total expenses = $150 + $2,000 + $500 + $200 = $2,850

Therefore, the correct answer is C.

HVAC Service the Following Transactions Occurred During November