Acctounting Homework

Budget

Accounting, Inc
Anual Budget
2013
Qtr 1 Qtr 2 Qtr 3 Qtr 4 Totals
Revenue:
Tax Returns 74000 1500 800 14200
Consulting Services 10300 9500 8700 9300
Financial Statement Preparation 7700 7700 7700 7700
Data Entry & Compilation 6200 6200 6200 6200
Payrol Services & reporting 6700 6700 6700 6700
Total Revenue
Expenses:
Wage Expense 30500 18000 18000 28300
Payroll Taxes 3050 1800 1800 2830
Workers Compensation 950 540 540 849
Liability Insurance 1200 1200 1200 1200
Profesional Publications 600 60 60 300
Office Supplies 1200 300 200 800
Computer Support 300 300 300 300
Miscellaneous 2700 2700 2700 2700
Building Rent 6600 6600 6600 6600
Total Expenses
Net Income

1st Quarter

Accounting, Inc
Income Statement
1st Quarter, 2013
Revenue: 1st Quarter Actuals
Tax Returns 76000
Consulting Services 9900
Financial Statement Preparation 7900
Data Entry & Compilation 6350
Payrol Services & reporting 6950
Total Revenue
Expenses:
Wage Expense 30850
Payroll Taxes 3085
Workers Compensation 1050
Liability Insurance 1200
Profesional Publications 550
Office Supplies 1250
Computer Support 300
Misc 2450
Building Rent 6600
Total Expenses
Net Income

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