Question

Connect rent Students Madison X what does revenue mean in a x + 0 https://ezto.mheducation.com/ext/map/index.html?con=con&external browser=0&launchUrl=https%253A%252F%252Fb Chapter 1 Homework Saved You skipped this question in the previous attempt 14 As of December 31, 2019, Armani Company's financial records show the following items and amounts. Part 1 of 3 $11,300 10,300 7,300 6,300 13,600 17,300 0.78 points Cash Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2018 A. Armani, Capital, Dec. 31, 2019 A. Armani, Withdrawals Consulting revenue Rental revenue salaries expense Rent expense Selling and administrative expenses 21,600 14,300 35,600 24, 600 21,300 13,300 9,300 eBook Print References Required: Prepare the 2019 year-end income statement for Armani Company ARMANI COMPANY Income Statement For Year Ended December 31, 2019 Revenues Rental revenue S 24,600 Consulting revenue 35,600

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Answer 1

ARMANI COMPANY Income statement For Year Ended December 31,2019
Revenues:
- Consulting revenue	$ 35,600
- Rental revenue	$ 24,600
Total Revenues		$ 60,200
Expenses:
- Salaries expense	$ 21,300
- Rent expense	$ 13,300
- Selling and Administrative expense	$ 9,300
Total Expenses		($ 43,900)
Net income		$ 16,300