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Example Exercise 1-4

This income statement shows the financial performance of Chickadee Travel Service for the year ending April 30, 2012, including fees earned and expenses incurred.

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Example Exercise 1-4

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  1. Example Exercise 1-4 Income Statement

  2. Example Exercise 1-4 Income Statement

  3. Example Exercise 1-4 CHICKADEE TRAVEL SERVICE INCOME STATEMENT For the Year Ended April 30, 2012

  4. Example Exercise 1-4 CHICKADEE TRAVEL SERVICE INCOME STATEMENT For the Year Ended April 30, 2012 Fees earned$263,200

  5. Example Exercise 1-4 CHICKADEE TRAVEL SERVICE INCOME STATEMENT For the Year Ended April 30, 2012 Fees earned$263,200 Expenses: Wages expense $131,700 Office expense 63,000 Miscellaneous expense 12,950

  6. Example Exercise 1-4 CHICKADEE TRAVEL SERVICE INCOME STATEMENT For the Year Ended April 30, 2012 Fees earned$263,200 Expenses: Wages expense $131,700 Office expense 63,000 Miscellaneous expense 12,950 Total expenses 207,650

  7. Example Exercise 1-4 CHICKADEE TRAVEL SERVICE INCOME STATEMENT For the Year Ended April 30, 2012 Fees earned$263,200 Expenses: Wages expense $131,700 Office expense 63,000 Miscellaneous expense 12,950 Total expenses 207,650 Net income $ 55,550

  8. Example Exercise 1-4  For Practice: PE 1-4A, PE 1-4B

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