Follow directions Directions: In this Activity, you will figure out the total revenue and total net income

Follow directions

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Directions: In this Activity, you will figure out the total revenue and total net income based off the scenario presented. First, create and complete an income statement for the scenario, then figure out the total net income and revenue. Income Statement 1. For company BLX for the year ending December 31, 2015, the information follows: Merchandise Sales Computer Lesson Income Cost of Goods Sold Depreciation Expense Wage Expense Rent Expense Interest Expense Supplies Expense Utilities Expense Income Statement: Accompanies: Accounting Cycle: Corporation $30,100 $3,400 $14,550 $1,850 $645 $600 $500 $500 $425 STUDENT ACTIVITY Directions: In this Activity, you will figure out the total revenue and total net income based off the scenario presented. First, create and complete an income statement for the scenario, then figure out the total net income and revenue. Income Statement 1. For company BLX for the year ending December 31, 2015, the information follows: Merchandise Sales Computer Lesson Income Cost of Goods Sold Depreciation Expense Wage Expense Rent Expense Interest Expense Supplies Expense Utilities Expense Income Statement: Accompanies: Accounting Cycle: Corporation $30,100 $3,400 $14,550 $1,850 $645 $600 $500 $500 $425 STUDENT ACTIVITY

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