Jake Company reports the following: July August September Sales $ 23,000 $ 31,000 $ 35,000 Purchases 13,110 17,670 23,000 Payments for purchases are made in the month after purchase. Selling expenses are 17% of sales, administrative expenses are 8% of sales, and both are paid in the month of sale. Rent expense of $2,800 is paid monthly. Depreciation expense is $1,300 per month.
Paper#11210 | Written in 18-Jul-2015Price : $25