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Monthly Income Statement October Income Wages (after taxes) $2,000 Commission $500 Total income ??? Expenses Food $100 Rent $700 Transportation $100 Clothing $50 Medical insurance $50 Total expenses ??? Net income: ??? whats fhe expenses and net income.​

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Answer:

Pick a Reporting Period. ...

Generate a Trial Balance Report. ...

Calculate Your Revenue. ...

Determine the Cost of Goods Sold. ...

Calculate the Gross Margin. ...

Include Operating Expenses. ...

Calculate Your Income. ...

Include Income Taxes.

Explanation:

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