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Dunong Consultancy Services Income Statement For The Month of July 2020

The document provides accounting data for Dunong Consultancy Services for July 2020 and Robinhood Security Services for October 2020 to prepare income statements, including amounts for consultancy/service fees, other income, salaries, rent, utilities, depreciation, supplies, bad debts, and miscellaneous expenses, and the net income amounts.

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Denise Morales
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1K views4 pages

Dunong Consultancy Services Income Statement For The Month of July 2020

The document provides accounting data for Dunong Consultancy Services for July 2020 and Robinhood Security Services for October 2020 to prepare income statements, including amounts for consultancy/service fees, other income, salaries, rent, utilities, depreciation, supplies, bad debts, and miscellaneous expenses, and the net income amounts.

Uploaded by

Denise Morales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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The following accounts are taken from the books of Dunong Consultancy Services

for the month of July 2020. Prepare an income statement from the given data.

Consultancy Fees 200,000.00


Other Income 10,000.00
Salaries Expense 25,000.00 DUNONG CONSULTANCY SERVICE
Rent Expense 20,000.00 INCOME STATEMENT
Utilities Expense 10,000.00 for the month of July 2020
Depreciation Expense 3,000.00
Bad Debts Expense 1,000.00 Consultancy Fees
Other Income
Total Income
Less: Expenses
Salaries Expense
Rent Expense
Utilities Expense
Depreciation Expense
Bad Debts Expense
Net income

The following are the accounts taken from the books of Robinhood Security Services for the month
of October. Prepare an income statement from the Given Data

Service Income 355,000.00 RobinHood Security Se


Interest Income 15,000.00 Income Statemen
Salaries Expense 38,000.00 For the Month Octo
Rent Expense 25,000.00
Utilities Expense 8,000.00 Service Income
Depreciation Expense 4,000.00 Interest Income
Supplies Expense 2,500.00 Total Income
Bad Debts Expense 2,000.00 Less: Expenses
Miscellaneous Expense 3,000.00 Salaries Expense
Rent Expense
Utilities Expense
Depreciation Expense
Supplies Expense
Bad Debts Expense
Miscellaneous Expense
Net Income
NONG CONSULTANCY SERVICES
INCOME STATEMENT
for the month of July 2020

200,000.00
10,000.00
210,000.00

25,000.00
20,000.00
10,000.00
3,000.00
1,000.00 59,000.00
151,000.00

RobinHood Security Services


Income Statement
For the Month October

355,000.00
15,000.00
370,000.00

Salaries Expense 38,000.00


Rent Expense 25,000.00
Utilities Expense 8,000.00
Depreciation Expense 4,000.00
Supplies Expense 2,500.00
Bad Debts Expense 2,000.00
Miscellaneous Expense 3,000.00 82,500.00
287,500.00

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