Business, 23.10.2020 22:50 mtzann1568

Refer to this income statement to answer the question below. Forks Gym
Income Statement
From the Month Ended January 31,

Revenue:
Membership Fees Revenue, 15,000.00
Rental Revenue, 8,000.00
Instruction Revenue, 5,000.00
Total Revenue = 28,000.00

Expenses:
Advertising Expense, 2,000.00
Rent Expense, 1,000.00
Salaries Expense, 3,000.00
Utilities Expense, 1,000.00
Total Expenses = 7,000.00

Net Income - 21,000.00

Forks Gym has a net loss.

- True
- False

Answers: 2

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Refer to this income statement to answer the question below. Forks Gym
Income Statement
F...