During January 2015, the first month of operations, a consultingfirm had following transactions:
1.Issued common stock to owners in exchange for $34,000cash.
2.Purchased $8,500 of equipment, paying $2,550 cash and signinga promissory note for $5,950.
3.Received $15,300 in cash for consulting services performed inJanuary.
4.Purchased $2,550 of supplies on account; all of the supplieswere used in January.
5.Provided consulting services on account in the amount of$27,200.
6.Paid $1,275 on account.
7.Paid $5,100 to employees for work performed duringJanuary.
8.Received a bill for utilities for January of $5,800; the billremains unpaid..
What is subtotal of expenses that will be reported on the incomestatement for the month ended January 31?
A.$7,650.
B.$13,450.
C.$6,375.
D.$14,725.
During January 2015, the first month of operations, a consultingfirm had following transactions:
1.Issued common stock to owners in exchange for $34,000cash.
2.Purchased $8,500 of equipment, paying $2,550 cash and signinga promissory note for $5,950.
3.Received $15,300 in cash for consulting services performed inJanuary.
4.Purchased $2,550 of supplies on account; all of the supplieswere used in January.
5.Provided consulting services on account in the amount of$27,200.
6.Paid $1,275 on account.
7.Paid $5,100 to employees for work performed duringJanuary.
8.Received a bill for utilities for January of $5,800; the billremains unpaid..
What is subtotal of expenses that will be reported on the incomestatement for the month ended January 31?
A.$7,650.
B.$13,450.
C.$6,375.
D.$14,725.
