Preparing a budgeted income statement
Fiorella and Sanchez, physicians, budgeted for the following revenues and expenses for September:
|
Depreciation – equipment |
$1,850 |
|
Fringe benefits |
3,300 |
|
Lease expense |
2,500 |
|
Nursing wages |
4,500 |
|
Physicians’ salaries |
28,000 |
|
Patient revenue |
58,500 |
|
Secretarial support |
2,200 |
|
Utilities |
650 |
Prepare a budgeted income statement for the month ending September 30, 2013.