Refer to this income statement to answer the question below.
Forks Gym
Income Statement
F...
Business, 23.10.2020 23:00 aallyssabrown0120
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
What are total expenses for Forks Gym for the month of January?
A. $2,000
B. $1,000
C. $3,000
D. $7,000
Answers: 1
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