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xz_007 [3.2K]
3 years ago
11

These financial statement items are for Riverbed Company at year-end, July 31, 2022.

Business
1 answer:
Rama09 [41]3 years ago
3 0

Answer:

<u>Riverbed Company</u>

<u>Income statement for the year July 31, 2022</u>

Service revenue                                                    61,900

<u>Add Other Incomes</u>

Rent revenue                                                          8,500

                                                                              70,400

<u>Less Expenses</u>

Salaries and wages expense           52,000

Utilities expense                                22,600

Depreciation expense                         3,500      (78,100)

Net Income / Loss                                                 (7,700)

Explanation:

In the Income Statement, we record Revenues and Incomes only. This Statement is used to calculate the Profit earned during the Reporting Period.

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