Question: please use attached case study and complete below for an income and expense statement: INCOME AND EXPENSE STATEMENT EXPENSES AMOUNT Fixed Rent/Mortgage Savings/Investment Revolving Savings

please use attached case study and complete below for an income and expense statement:

please use attached case study and complete below for an income and

INCOME AND EXPENSE STATEMENT

EXPENSES

AMOUNT

Fixed

Rent/Mortgage

Savings/Investment

Revolving Savings

Loan Payment

Loan Payment

Other

Other

Other

Sub-total

Variable

Utilities

Phone/Cell

Cable

Groceries

Eating Out

Gasoline

Household

Personal Care

Clothing

Laundry/Dry Clean.

Doctor Payments

Prescriptions

Personal Allowance

Entertainment

Contributions

Miscellaneous

Other

Other

Other

Sub-Total

EXPENSE TOTAL

INCOME

AMOUNT

Salary (take home)

Bonuses, tips, etc.

Interest and Dividends

Other

Other

Other

TOTAL INCOME

Total Income

$

Total Expenses

- $

NET GAIN/LOSS

= $

Date Expense My Categories Income $1598.00 1 1. 2 2 + + + + + 2 3. 2 $993.00 $348.00 $200.00 $60.00 $75.00 4. 3 5. + 3 6. + 5 $800.00 7. + S City 8 + 5 9. + 5 10. + 6 $59.00 $106.00 $261.00 $27.00 $112.00 $40.00 $33.00 + 9 + 9 + 11 + 15 $1602.00 Category Description Salary DJ's Check Mortgage Loan Car Payment Retirement Connie's IRA Dance Lessons School Lunch Salary Connie's Check Utilities Utilities Electric Groceries Gasoline Groceries Entertainment Movie Gasoline Salary DJ's Check Contributions Boy Scouts of America Savings Loan Credit Card Loan Student Eating Out Arby's Utilities Natural Gas Clothing Children/DJ Groceries Gasoline Entertainment Bowling Utilities Cell Phone/Cable Groceries Eating Out Chipotles Household Expes Prescriptions + 15 + 15 + 15 + 15 + 15 15 16 + + + + 19 $25.00 $225.00 $30.00 $133.00 $17.00 $88.00 $100.00 $106.00 $70.00 $40.00 $165.00 $51.00 $43.00 $70.00 $35.00 19 21 26 29 + + + + + + 29 29 29

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!