1. Creating a Income Expense Statement#
FirstName LastName

2. FirstName LastName
Writing Prompt (1 Paragraph): Discuss the causes of and problems resulting from teenage smoking.
Begin prompt here. Be sure to indent. #

3. Assignment 1: Define the words Below:
FirstName LastName
Assignment 1: Define the words Below:
Income: Wages: Salary: Commission: Interest Income: Expense: Variable Expense: Fixed Payment: #

4. FirstName LastName
Assignment 2: For the following slides, fill in the highlighted blanks with the correct totals for each example. #

5. COMPANY PROFIT/LOSS STATEMENT
FirstName LastName
COMPANY PROFIT/LOSS STATEMENT
For August 2014
Revenues:
Sales to Customer
$ 480,000.00
Expenses:
Cost of Goods Sold
$ 250,000.00
Salary Expense
$ 60,000.00
Rent Expense
$ 30,000.00
Dereciation Expense
$ 80,000.00
Total:
Operating Income
Other Gains and Losses:
Gain on Sale of Equipment
$ 40,000.00
Net Income #

6. SCHOOL STORE PROFIT/LOSS STATEMENT
For August 2014
Income from Sales $
Cost of Goods Sold:
Opening Merchandise Inventory $
Plus Purchases $
Total Merchandise Available for Sale $
Less Closing Merchandise Inventory $
Total Cost of Goods Sold
Gross Profit on Sales (Income from Sales minus Cost of Goods Sold)
FirstName LastName #

7. STUDENT INCOME/EXPENSE STATEMENT
FirstName LastName
STUDENT INCOME/EXPENSE STATEMENT
For August 2014
Revenue
Take-home pay Chick-Fil-A $
Birthday gifts $
Lunch money $
School supply money from Mom $
School fees from Mom $
Total:
Expenses
Church or other charity $
Savings
Car payment
Gasoline
Car insurance
Miranda Lambert concert
School lunches
FBLA dues $
School supplies $
School fees
Net Income #

8. Open Response: Answer the following questions:
FirstName LastName
Open Response: Answer the following questions:
1. What types of expenses are placed on an Income Expense Statement? Type Answer Here. 2. What types of income should be reported on an Income Expense Statement? Type answer here. #

9. FirstName LastName
Quick Write (1 Paragraph): How can an Income Expense Statement be beneficial in managing a personal or business financial program?
Begin prompt here. Be sure to indent. #