Evans Income And Expense Statement Quizlet

Start studying personal finance 4 2 04 income and expense statement.

Evans income and expense statement quizlet. Expense gross income income income and expense statement insurance mortgage net gain net income net loss savings. Accrual basis income statement reports the following for a period of time revenue when goods or services are provided to customers expense when a service is provided to company assets are used up to make revenue earnings for a period of time. View homework help evan s income and expense statement pdf from business 1021 at logan high logan ut. Microsoft word income and expense statement lesson plan 1 15 5 author.

Start studying income and expense statement. Insurance a product that transfers risk from someone to an insurance company or organization. The information from his smartphone is summarized in the table below. What could he do to change his net loss to a net gain.

Lists and summarizes income and expense transactions that have taken place over a specific period of time usually a month or year. Learn vocabulary terms and more with flashcards games and other study tools. Page 17 2 2 4 a1 evan s income and expense statement total points earned 16 total points. According to evan s income and expense statement he has a net loss.

How has creating an income and expense statement helped evan manage his money. Sample income and expense statement template and evans income and expense statement template. 1 point he has a lot of entertainment costs that are completely unnecessary if he could get rid of those or at least cut back that could help him not lose money he could also try walking or riding a bike instead of driving so much. Learn vocabulary terms and more with flashcards games and other study tools.

Gross income 1600 00 federal income tax 200 00 social security 99 20 medicare 23 20 net income 1277 60 evan used an app on his smartphone to track his expenses for the month.