Question

Refer to this income statement to answer the question below.

Forks Gym
Income Statement
For the Month Ended August 31, xxxx
Revenue:
Membership Fees Revenue
Rental Revenue
Instruction Revenue
Total Revenue
10,000.00
3,000.00
4,000.00



17,000.00

Expenses:
Advertising Expense
Rent Expense
Utilities Expense
Total Expenses
3,000.00
4,000.00
1,000.00




8000.00

Net Income 9000.00
What are the total expenses for Forks Gym for the month of August?

Responses

$4,000
$4,000

$1,000
$1,000

$3,000
$3,000

$8,000

Answer 1

$8,000

(3,000 + 4,000 + 1,000 = 8,000)